BITCOIN report
HTF 1D: Bitcoin’s daily chart demonstrates strength, rebounding from the 200-day BPRO trend at about $40.3k,with the current price at $47,300.Indicators hint at the market continuation, with the ATR at $1,460 indicating consistent volatility yet within a still-slowing trend. RSI elevated at 72,suggests a shift toward rapid buying momentum, with 50-day momentum also up at 53. Powerful breakout above $45k with the highest close since April 2022 - highest in 22 months. The 200SMA @ $34700 indicates a long-term fair "price" of Bitcoin, which now rises daily.
HTF 12H: The market shows bullish signs.BTC to touch 50k
MTF 4H: The short-term market view on the 4-hour chart is dominated by the uplifting volatility, with the trading range specified by BPRO Momentum Bands: High Band from $47.2k to $48.3k and Low Band from $43.3k to $44.5k, marking a broadened neutral zone between $44.5k and $47.2k.
Fear & Greed Index: Current sentiment registers at 74/100.