Bitcoin continues to dominate the crypto markets as seen on Binance’s $BTC/USDT trading pair. Today, Bitcoin is trading around $28,225, reflecting a 1.57% daily gain, and holding strong above key moving averages on the 1D chart. This signals positive sentiment among traders and investors.
The price action shows Bitcoin testing the critical $28,350 resistance zone, which has acted as a ceiling in recent sessions. A clear breakout above this level could pave the way for an aggressive move toward $30,000, a psychological barrier that could spark even more momentum.
Technical indicators, such as the 7-day, 25-day, and 99-day moving averages, are aligning in a bullish setup, providing further support to the ongoing rally. Additionally, trading volume has shown an uptick, indicating strong buying interest as the broader market turns optimistic.
Traders on Binance are advised to watch these levels closely and manage risk appropriately. With Bitcoin leading the market, other major altcoins may also see increased activity if this bullish momentum continues#SaylorBTCPurchase