BITCOIN FUNDAMENTAL UPDATE 🚀
Bitcoin is currently trading near 101400, extending its bullish structure after firmly reclaiming the 98000 level. The market continues to favor buyers as price action inches closer to all-time highs.
🔹 Current market situation
BTC is trading above all major EMAs (20, 50, 100, and 200) on the daily timeframe, confirming strong bullish momentum. The RSI is elevated but not yet in extreme overbought territory, indicating sustained strength with room for further upside before exhaustion.
🔹 Important technical Point
Bitcoin is breaking the psychological 100000 level. A confirmed daily close above 10000 could ignite momentum toward the key milestone. On the downside, 95200 and 935000 remain short-term support zones in case of any weekend retracement.
🔹 Fundamental catalyst to watch
As the week has started, trading volume gradually increases, and FOMC news result came neutral yesterday and it made positive impact to BTC and alts market. This may result in volatile price action or range-bound movement unless unexpected catalysts emerge.
🔹 What to expect
With BTC showing solid strength and limited fundamental events ahead, the market could consolidate or grind upward gradually over the week. Traders should remain cautious of high liquidity conditions which can trigger sharp but short-lived moves.