BTC trades above the 50-day and the 200-day Exponential Moving Averages (EMA), reaffirming bullish momentum.
Upside Target: A breakout above $105,000 could pave the way to the record high of $111,917. A sustained move through $111,917 may bring $115,000 into play.
Downside Risk: A drop below the 50-day EMA and $100,000 could expose BTC to $95,000 and potentially the 200-day EMA.
The 14-day Relative Strength Index (RSI) at 51.1 suggests BTC has room to climb to $111,917 before entering overbought territory (RSI > 70).
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