The cryptocurrency market continues to record positive signals as Bitcoin (BTC) remains stable above the $105,000 threshold – an important milestone reflecting recovery strength after a slight correction. As of now, the BTC price is 105,213.62 USDT, slightly up 1.09% in the past 24 hours, indicating that buying power is gradually returning to the market.
🔹 Impressive trading volume: In the past 24 hours, the trading volume reached over 1.02 billion USDT, equivalent to nearly 9,744 BTC – showing that the market is still very active and has high liquidity.
🔹 Technical signals support the upward trend: The MA(7), MA(25), and MA(99) moving averages are converging at high price levels, with MA(99) still below the important support area around the 91,800 USDT mark, reinforcing the medium-term uptrend.
🔹 Impressive long-term performance: Bitcoin has increased by 55.41% over the past year, reflecting the sustainable confidence of long-term investors in this asset. The 30-day and 90-day performance also reached 8.08% and 16.71%, respectively, demonstrating a stable recovery trend.
🔹 Positive investor sentiment differentiation: Although the buy-sell ratio is slightly leaning towards the sell side (54.66%), the buying volume accounts for up to 45.34%, indicating a clear support force and the potential for a short-term upward reversal is entirely feasible.
With a positive technical foundation and increasingly solid investor sentiment, BTC could very well aim to retest the $107,000 mark, and even $112,000 in the near future if the cash flow trend continues.