$BTC

Bitcoin’s 1-Month Tech Snapshot: Bullish Base or Breather Ahead?

Over the past month, Bitcoin (BTC) surged from lows around $74K to its current trading zone at $103.2K, marking a robust ~40% rally . This rebound came with a breakout above a long-term descending trendline and sustained momentum above both the 50- and 200-day moving averages—hallmarks of a strong upward bias .

Bullish Drivers:

Golden Cross confirmed as the 50-day MA overtook the 200-day MA .

Strong volume during breakouts and solid institutional demand—ETFs and corporate treasuries—supporting the uptrend .

Warning Signals:

RSI above 70 hints at short-term overbought levels .

MACD deceleration and flag pattern formation suggest a possible consolidation phase before continuing higher .

Key Levels:

Resistance: $110K–$112K (all-time highs).

Support: $100K and the psychological $92K–$95K zone.

Summary: Bitcoin’s technical foundation remains strong, buoyed by momentum and institutional flows. Yet, overbought indicators and overhead resistance call for cautious monitoring—watch for a clean breakout above $110K or a healthy pullback before the next surge.