BTC remains above 100 thousand - continuation of rise or strategic pause.
Bitcoin (BTC) continues to consolidate above the $100,000 region, which now acts as an important psychological and technical support.
On the daily chart, some points stand out:
The EMA(7) is slightly above the current price, which may indicate a slight weakness in the short term or just a pause in the upward trend.
The EMA(25) and EMA(99) remain inclined upwards, reinforcing the upward trend in the medium and long term.
The RSI(6) is at 57.97, indicating that there is still room for the price to rise without entering overbought territory.
The $105,800 region acted as resistance. A strong breakout could take BTC to $107,300 or more.
The volume is reduced and the candles are smaller, which may indicate consolidation before a new, stronger movement.
My personal view
I believe that BTC is just catching its breath before attempting new highs. As long as the support at $100,500 holds, I remain optimistic. A loss of this zone could open the way for tests between $93,600 and $96,000.
With the halving already priced in and the market still warm, I remain on the lookout for entries with good risk management.
And you, do you believe that BTC is seeking 110 thousand still in May?
