🟡Bitcoin (BTC) continues to strengthen its upward trend, aiming for a market capitalization of $2 trillion. Technical indicators such as DMI and RSI highlight the strength of the bullish momentum.
🟡The DMI index shows an ADX of 27.3, indicating a significant trend reinforcement. The +DI (27.8) and -DI (11.9) values confirm buyer dominance. The RSI has also remained above 50 since January 1, firmly in bullish territory at 60.47.
🟡EMA lines suggest the potential formation of a “golden cross,” which could propel BTC to test resistance at $98,870. A successful breakout of this level would pave the way for $110,000.
🟡However, a decline in RSI and a possible pullback highlight the need for sustained buying pressure to maintain the momentum.