Current Bitcoin Market Conditions.
Bitcoin is currently experiencing bullish momentum, trading near $96,000 and displaying high volatility with a monthly price swing of over 13%. The asset recently hit a new all-time high of $99,575, reflecting strong investor sentiment driven by optimism in the crypto market. The Fear & Greed Index is in the “Extreme Greed” range, suggesting heightened enthusiasm but also potential overvaluation risks.
Key technical indicators point to sustained bullish trends. Many moving averages and oscillators support buying, but some suggest overbought conditions, as reflected in the Relative Strength Index (RSI) at 78.9. I expect Bitcoin’s price to test critical resistance levels above $100,000 soon, with longer-term targets exceeding $120,000 if the current momentum persists .#ThanksgivingBTCMoves $BTC