Bitcoin Trend Analysis Today

Today’s Bitcoin Market Analysis
BTC’s current trend suggests a period of broad consolidation over the weekend, with significant volatility expected on Monday. The hourly chart has recently shown sideways trading at a high level after a series of upward moves, suggesting a possible directional shift in the short term. The hourly MACD technical indicator shows both the DIF and DEA above the zero axis, and the histogram remains positive, but momentum has weakened, prompting caution. The hourly RSI is between 60 and 65, not overbought, suggesting upside potential. However, a break above 70 warrants caution to avoid a pullback. The price is currently above the EMA 7, EMA 30, and EMA 120, with the short-term moving averages diverging upward, indicating a bullish trend.