$BTC

Analyzing the monthly BTC/USDT chart, we observe that the price is testing the 95 thousand range again after a brief correction. The current candle demonstrates buying strength, suggesting a continuation of the trend. In the short term, the RSI (14) remains in the neutral-high region, around 65-70, still with space to advance before signaling overbought conditions, which reinforces the possibility of new tests of the psychological resistance at 100 thousand.

By tracing the Fibonacci retracement from the relevant low of 2023 to the all-time high, the current price is respecting the 0.618 region as support (around 88,000), which is a classic sign of continued upward movement.

The volume is still healthy, and the chart structure points to a possible formation of a continuation of the trend, targeting 105 thousand in the short term. If BTC loses the 93 thousand level significantly, we may see a pullback to 89,500 before another impulse.

BTC dominance remains stable, which shows that investors continue to be confident in the asset as a store of value amidst the recent halving movement. I maintain a bullish bias in the coming days.