The $BTC /USDT chart reflects strong bullish momentum, with Bitcoin currently trading at 116,624.85 USDT, marking a +3.45% gain within 24 hours. The price action shows a decisive breakout towards the day’s high of 116,741.44 USDT, while the low remained at 111,684.79 USDT, highlighting volatility and buyer dominance. The tall green candlestick near the 24h high suggests that buying pressure has intensified, potentially attracting more traders into the move.
Technical indicators further confirm the bullish bias. The MA(7) at 113,595.13 and MA(25) at 112,974.09 are both positioned below the current price, showing short-term strength. Even the MA(99) at 114,007.89 has been surpassed, signaling that Bitcoin is trading above its long-term average, a key bullish sign. On the volume side, although the latest volume is 1,070.00, which is lower than the MA(5: 2,111.13) and MA(10: 1,302.91), the strong price breakout suggests that even reduced trading activity is favoring buyers. If momentum continues, BTC could attempt to establish support above 116,000 before testing higher resistance levels.
