General trend (4H): In the 4-hour chart, Bitcoin shows a price structure with higher highs and higher lows, a classic characteristic of a bullish trend. The price remains above its reference moving averages, which point upward, confirming the strength of the rise. In fact, market reports indicate that "BTC maintains a short-term bullish trend" in this time frame. This bullish bias aligns with the idea that an upward sloping moving average usually indicates an uptrend.
Moving Averages: The price is trading above key moving averages (for example, 20 and 50 period SMA/EMA in 4H). CoinDesk indicates that when the price is above a moving average, it is generally considered a bullish trend. In our case, both MAs (short and long) are sloping upwards, supporting the continuation of the current bullish trend.
RSI (14): The 14-period RSI is around 50–60 on the 4H chart, meaning it is in a neutral zone. This suggests that there is still no significant overbought condition; traditionally, only values above 70 would indicate overbought. In other words, the RSI does not mark extreme conditions and leaves room for the bullish trend to continue before a possible pullback.
Volume: Recent price increases have been accompanied by increasing volume, which validates the strength of the movement. As Binance Academy explains, "strong volume in the direction of the trend suggests commitment from traders." This means that the increase in volume during rises supports the genuineness of the bullish rally.
Conclusion: Overall, the technical data on 4H points to a bullish bias. Prices above rising moving averages, increasing volumes, and an RSI in neutral range are signs that support the continuation of the rise. However, it is advisable to watch key resistance levels (around recent highs) and a possible RSI crossover above 70, which could anticipate temporary corrections.
