Good Morng Fron Asean, BTC/USDT is currently trading at $93,428.64, slightly down by -0.38% in the past 24 hours. It reached a hBTC/USDT is currently trading at $93,428.64, slightly down by -0.38% in the past 24 hours. It reached a high of $93,841.30 and a low of $91,660.01 within the same period. Despite the minor dip, Bitcoin still maintains a bullish trend overall, as shown by the price staying above both the 7-day moving average (MA7 at $89,004.88) and the 25-day moving average (MA25 at $58,385.49), signaling sustained upward momentum.
The RSI is currently at 64.66, indicating that the market is nearing overbought conditions but not quite there yet. This suggests there is still some room for upward movement, though traders may begin to show caution if the RSI approaches the 70 mark. Volume has seen a healthy increase during the recent rally, which supports the current trend strength. Although there's been a slight pullback from the recent high of $109,588, this could be a typical correction phase in a broader uptrend.
Over the past year, BTC has gained 44.18%, with a strong rebound seen in the last 180 days (up 39.49%), showing investor confidence remains high. Compared to the recent correction phase in ETH, Bitcoin is showing more resilience and stronger momentum, with healthier technical indicators and a more favorable medium-to-long term outlook. Traders may consider watching key support levels and volume signals for the next potential breakout or reversal point.igh of $93,841.30 and a low of $91,660.01 within the same period. Despite the minor dip, Bitcoin still maintains a bullish trend overall, as shown by the price staying above both the 7-day moving average (MA7 at $89,004.88) and the 25-day moving average (MA25 at $58,385.49), signaling sustained upward momentum.
Over the past year, BTC has gained 44.18%, with a strong rebound seen in the last 180 days (up 39.49%)