Bitcoin ($BTC ) Market Update
Current Price: $116,791.09 (+1.97%)
Trend: Bullish — trading above both the 25-day and 99-day moving averages
Key Technical Levels:
- MA(7): $117,110.75 (acting as potential short-term resistance)
- MA(25): $116,224.57
- MA(99): $114,889.04
Volume: 14,507.77 BTC (~$1.69 billion USDT) — strong participation and liquidity
Market Outlook:
BTC is currently in a bullish phase, holding above key moving averages. The price is approaching short-term resistance at the 7-day MA.
Strategy Recommendations:
If not in a position: Watch for a confirmed breakout above the 7-day MA or a pullback to recent support before entering.
If already long: Consider taking partial profits or tightening stop-loss levels to lock in gains.