Bitcoin to 92,823
2025-01-04
Category: None

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.