As of today, May 4, 2024, Bitcoin (BTC) is showing bullish signs. The current price is around $64,500, and technical indicators suggest a potential uptrend. Here are some reasons why BTC is considered bullish:

1. Golden Cross: The 50-day simple moving average (SMA) has crossed over the 200-day SMA, indicating a bullish trend.

2. RSI (Relative Strength Index): The RSI is around 60, which indicates a strong buying momentum.

3. MACD (Moving Average Convergence Divergence): The MACD is showing a bullish crossover, indicating a potential uptrend.

4. Support Level: BTC has broken above the key resistance level of $37,000 and is now trading above it, which is a bullish sign.

Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. This information is for informational purposes only and should not be considered as investment advice.$BTC