Bitcoin ($BTC ) is currently exhibiting strong bullish momentum, maintaining its position above the key support level of $98,000. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling a potential continuation of the upward trend.
Key Factors:
- RSI holding above 65, indicating sustained buying pressure
- MACD showing strong upward divergence, suggesting a potential surge
- Market structure remains intact, with low volatility and risk-on investor sentiment
- Order books reflect aggressive buying, fueling continuation toward the $110,000 psychological mark
As the market continues to evolve, it's essential to monitor these key factors and adjust strategies accordingly. The potential surge to $110,000 is an intriguing possibility, and investors should remain informed to make the most of this opportunity.
