General trend (4H): In the 4-hour chart, Bitcoin shows a price structure with higher highs and higher lows, a classic characteristic of a bullish trend. The price remains above its reference moving averages, which point upward, confirming the strength of the rise. In fact, market reports indicate that "BTC maintains a short-term bullish trend" in this time frame. This bullish bias aligns with the idea that an upward sloping moving average usually indicates an uptrend.
Bitcoin maintains a clear bullish structure on the 4H chart. The price trades above its 20 and 50-period moving averages, both oriented upwards, confirming the strength of the trend. Additionally, the recent rises have been accompanied by increasing volumes, validating the current rally. The RSI (14) is around 50–60, meaning it is in zone, still far from overbought levels (>70). In summary, all key technical indicators support the strength of BTC's bullish movement in 4H. It is recommended to monitor resistances and overbought conditions to detect possible corrections, but for now, the technical outlook continues to favor more rises. #BTC #AnálisisTécnico #Write2Earn #alcista #bitcoin
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In the last 24 hours, Bitcoin has shown a slight correction after approaching the $94,000 level. This pullback comes after a rally driven by significant inflows into Bitcoin exchange-traded funds (ETFs) in the U.S., which recorded positive flows for four consecutive days, including $917 million in a single day.