$BTC Technical Analysis (Daily Frame)

1. Current Price and Resistance:

• The price of Bitcoin is ranging between $103,560 - $111,508, with major resistance at $108,000-$112,000 (all-time high).

• The price is close to this resistance, indicating a potential test of it in the daily frame.

2. Momentum Indicators:

• Relative Strength Index (RSI): at 61.10, reflecting moderate upward momentum. It has not reached the overbought area (>70), which means there is room for additional upward movement, but the momentum is not strong enough to confirm an immediate breakout.

• Moving Averages: the Simple Moving Averages (MA50 and MA200) in the daily frame support the upward trend, showing a bullish crossover (Golden Cross) in recent periods, reinforcing positive expectations.