Bitcoin to 92,823

3 days ago

Currently Bitcoin trading above 50 and 200 EMA, which make the near-term momentum is bullish.

Stoch RSI around the 90+ range indicates a possible overbought condition, which can point to limited upside in the immediate term.
RSI just below 70 also puts it near overbought territory but not necessarily at extreme levels.

A Rising Wedge has been formed which is a signal for a potential reversal to 95000 or even lower to 92,823

If volume is picking up on pushes to higher prices, that’s a point in favor of continued upside. If volume dries up as price rallies, it can mean buyers are thinning out.

2 days ago

Trade active

- Price is above the Ichimoku Cloud, which typically signals an overall bullish bias on that timeframe, It is dipping toward Tenkan and Kijun lines, If breaks occured it can flip to neutral.

- Falling wedge has been formed, breaking the upper trendline is a bullish signal, If 101K has been achieved is a signal of bull market.

- Rising wedge lower trendline has been broken, which play out in a pullback scenario. to 94,589.

- Stoch RSI near single-digit readings (7–8) indicates short-term oversold conditions, suggesting a potential bounce or at least a short-lived relief if buyers step in.

- RSI in the low 50s is fairly neutral; not strongly overbought or oversold.

- Volume is not dramatically high