$BTC #BTC

Are we witnessing a new beginning for Bitcoin? Or is it just a warrior's rest before the storm?

Bitcoin recorded a noticeable increase of +3.54% in the last 24 hours, reaching a price of $102,920.89 after touching a peak of $104,361.30, reflecting a strong buying appetite from investors, despite market fluctuations.

Quick technical outlook:

General trend: We observe a strong upward momentum after the price rebounded from the $102,364 level, but there are signs of a slight correction beginning.

MACD indicator: It is still in the negative zone, indicating relative weakness in the upward momentum, but the convergence of the DIF and DEA lines may be a signal for an upcoming reversal.