The chart of Bitcoin (BTC/USDT) price movements shows $BTC

with technical indicators such as the MACD and moving average lines. Here is the analysis:

1. General trend:

• The price is witnessing a significant rise at the level of 104,054.18, with an increase of 2.68% in 24 hours, indicating positive momentum in the market.

2. Technical indicators:

• The MACD is showing a positive crossover (the blue line is above the orange line), which enhances the possibility of the upward trend continuing.

• The moving averages indicate that the price is above the average, which indicates that the current trend is bullish.

3. Support and resistance:

• The nearby support level could be at 100,000 based on recent declines.

• The next resistance could be around 110,000, which is a logical target if the upward momentum continues.

My Opinion: If the uptrend continues supported by market momentum and technical indicators, we may see further gains. However, be aware of any potential reversals if momentum declines. It is best to watch support and resistance levels carefully.