The $BTC chart is showing clear signs of **bullish momentum**. The price is trading above the short-term, medium-term, and long-term EMAs, confirming a strong uptrend. The current price of $68,147 is approaching a key **resistance level** at $69,000, where previous attempts to break through have been met with selling pressure. If the price breaks above this level, especially with increased **volume**, it could signal further upside potential.
However, the **RSI** is at **67.22**, nearing overbought territory. This suggests that while the market is bullish, there is a chance for a **pullback** or consolidation soon if buying pressure weakens. Key **support levels** are at $67,341 and $65,783, where the price could retrace if it fails to break above $69,000.
In summary, the market is bullish, but caution is advised as the price nears resistance, with potential for both a breakout or a short-term correction.
