Description:
Hey everyone! Bitcoin has been consolidating today, and based on several technical indicators, there are signs of short-term bullish momentum. The MACD (12/26 EMAs) has just given a positive crossover, which usually indicates potential upward movement in the near term. RSI is hovering around
55–60, which means it's not overbought or oversold—so there's still room for a move upward. On-Balance Volume (OBV) is also rising, showing that buyers are stepping in with strong support. These signals suggest that Bitcoin could see a 0.9–1.3% upside in the next 24 hours unless the key support level near $116k breaks. For this analysis, I used indicators on TradingView and Investing.com, combining MACD, RSI, OBV, and short-term forecast models. Real-time data confirms that buyer strength is active right now. If you’re short-term trading, this might be a good time to watch for pullbacks and manage your risk accordingly.