Bitcoin
The daily chart indicates that $BTC bitcoin is in a consolidation phase after peaking near $BTC 112,000. This level formed a double top, which triggered a pullback toward the psychological support at $BTC 100,000. Despite this decline, the support structure remains intact, with notable buy interest re-emerging near $102,000. Oscillators on the daily timeframe paint a mixed picture, with the relative strength index (RSI) at 52 and the commodity channel index (CCI) at -59, both signaling neutral momentum. A bearish engulfing pattern, however, continues to weigh on sentiment, even as the declining volume suggests that selling pressure may be weakening.
