$BTC BTC/USDT is trading at $104,676.77, showing a slight daily decline of -0.03%, indicating a consolidation period after a minor recovery from a recent low of $103,500.00. The price is hovering just below the long-term MA(99) at $105,514.73, which remains a key resistance zone. Meanwhile, the price has begun to rise above the short-term MA(5) at $229.46K, reflecting a positive shift in short-term momentum. RSI(6) is at 64.36, nearing overbought territory, indicating increased buying strength, but may stall if momentum weakens. Volume at 218.99K shows good participation but needs to grow to support a breakout. In terms of historical performance, BTC is up 0.65% today, although it is still down -2.85% over the last 7 days, signaling a weak but recovering trend. The 90-day increase (+24.47%) and 1-year increase (+61.23%) highlight a strong long-term uptrend. For a confirmed bullish reversal, BTC needs to break and sustain above the MA(99) and the resistance zone near $105,500, with increasing volume and sustained RSI strength.
