#$BTC Market Update

BTC is currently trading at $103,950, reflecting a moderate increase of 1.02% over the last 24 hours. The price has experienced significant volatility, with an intraday high of $104,305 and a low of $101,760.

This increase followed a breakthrough above the critical resistance level of $100,000, signaling a potential bullish trend reversal.

Key technical indicators:

RSI: The daily RSI stands at 83.62, indicating strong bullish momentum but also suggesting overbought conditions in the short term.

Moving Averages: BTC has closed above the 20/50/100/200 EMA on the 4-hour chart, confirming a bullish crossover.

MACD: The MACD line remains above the signal line, strengthening the bullish outlook.

Key levels to watch:

Resistance: $105,000 – $106,000

Support: $100,000 – $101,000