#BTCAnalysis

Bitcoin (BTC) is showing strong bullish momentum on the daily chart, currently trading around $117,642.91. The price recently made a significant breakout and is approaching a key resistance level near $123,218.00. Both EMA indicators support the uptrend — the 50-day EMA is at $108,547, and the 200-day EMA sits much lower at $97,295, confirming a bullish alignment. The RSI(6) is at 67.47, which shows strong momentum but not yet overbought, leaving room for further upside. The MACD is also bullish with the DIF line above the DEA and histogram bars rising. This could be a continuation of a larger breakout pattern. If BTC clears $123K with volume, the next target could be $125K+.

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