Bit coin 1D chart

BTC/USDT 1D chart to understand the current trend and whether Bitcoin is leaning bullish or bearish:

🔍 Key Technical Indicators in the Chart

1. Price and Trend

Current Price: ~$107,287

Price is above the 50 EMA (Exponential Moving Average): This is bullish — it suggests the short-term trend is up.

2. 50 EMA (White Line)

The price has recently bounced above the 50 EMA, which often acts as a dynamic support.

Historically in this chart, when BTC is above the 50 EMA, it tends to trend upward in the short to medium term.

3. RSI (Relative Strength Index 14)

Current RSI: 56.16

This is neutral to slightly bullish — not overbought (>70) or oversold (<30).

Suggests room to move higher before facing overbought conditions.

📈 Bullish Signs

✅ Price above 50 EMA = positive momentum

✅ RSI in a healthy range = still has fuel for upward movement

✅ Price holding higher lows since April = uptrend structure intact

⚠️ Things to Watch

Resistance at ~107,600–108,000: Price has tested this zone a few times without strong breakout.

Volume: 24h volume is decent (9.48B USDT), but not aggressively high, so breakout strength is moderate.

📊 Conclusion: Bullish or Bearish?

📈 Bullish Bias (short-term to mid-term), but not explosive yet.

If price breaks and holds above 108,000–110,000 with strong volume, that would confirm a stronger bullish breakout. Until then, expect sideways to slightly bullish movement.