Bitcoin continued its strong performance, achieving a **notable** increase to **$107,108.62** before stabilizing at **$104,703.51**, with a **positive change rate of +0.16%**. This jump reflects growing interest in the world's leading digital currency, raising questions about the market's upcoming direction.
🔹 Technical analysis supports optimism:
- **7-Day Moving Average (MA(7))** records **$104,370.51**, indicating strong momentum in the upward direction.
- **Moving averages for 25 and 99 days (MA(25) and MA(99))** at **$99,863.05 and $90,376.66** respectively, support the continuation of the upward trajectory.
- **Relative Strength Index (RSI) at 59.85**, indicating that Bitcoin is not in the overbought zone and still has room to rise.
- MACD indicator at -138.36, reflecting some potential volatility but does not negate the continuation of the upward trend.
🔹 High trading volume confirms market confidence:
Trading volume reached **14,303.86726**, reflecting active movement within the market with increasing investor interest in Bitcoin during this period.
🔹 Available trading opportunities:
With this strong performance, investors can look for strategic entry points to benefit from the upward trend. Minor dips could be **ideal opportunities** to open new buy positions, while caution remains essential to follow technical indicators and key levels.
