Bitcoin is showing intense momentum as $BTC USDT trades around 68,957, pushing higher with strong bullish pressure. The market is reacting fast after bouncing from the 24h low near 65,964 and climbing close to the 24h high of 69,473. Volume remains massive, with over 178K BTC traded and more than 12.11B USDT flowing through the market, signaling heavy participation from both traders and institutions.
On the short timeframe, price is moving tightly around the key moving averages, with MA(7) near 68,955, MA(25) at 68,935, and MA(99) around 68,977, showing a compression zone that often leads to a sharp breakout. The recent recovery from the local dip near 68,884 highlights strong buying interest and quick demand absorption.
If bulls hold this zone, another attempt toward the 69K resistance looks highly possible. However, volatility remains high, and quick pullbacks can still happen. This is a crucial moment where momentum, volume, and sentiment are all aligning, making Bitcoin’s next move extremely exciting to watch.
BTC
68,268.23
+0.82%