$BTC The daily chart illustrates a healthy period of digestion. After a strong recent pump, $BTC is consolidating around the 118,000 mark. It's currently trading around its MA(7) (118,458), indicating a short-term battle. The daily RSI at 65.64 has cooled off from previous highs, allowing for renewed momentum.

On the weekly chart, $BTC is consolidating just beneath its all-time high of 123,218, a testament to immense long-term strength. The price is well above all key weekly moving averages, which are firmly fanning out upwards. The weekly RSI, currently at 68.87, shows significant underlying momentum with ample room to continue climbing without being overextended.