Bitcoin (BTC) is aiming to recover its $2 trillion market cap as indicators suggest a strengthening uptrend. The DMI and RSI show bullish momentum building, but sustained buying activity is needed to maintain upward pressure. BTC's EMA lines hint at a possible golden cross, which could propel the price to critical resistance levels near $98,870 and beyond. However, failure to break these levels could result in a pullback, with support zones at $90,700 and $88,000 coming into focus. The DMI chart indicates that BTC's ADX has risen significantly, reflecting increased market confidence. The RSI remains in bullish territory above 50, but a pullback suggests limited upward movement without fresh buying activity. The EMA lines crossing suggest a potential strong uptrend, with a breakout above resistance potentially leading to further gains. However, failure to break resistance could result in downside pressure, with support levels at $90,700 and $88,000 potentially being tested.
- Content Editor ( beincrypto.com )
- 2025-01-04
Bitcoin (BTC) Price Could Rise to $110,000 If This Happens