The latest price action of Bitcoin appears to be extremely bullish, suggesting that the bulls have maintained a strong grip on the rally. Connecting the highs, the next crucial resistance to surpass is $112,917.33, which may trigger a strong rally in the coming days. The supertrend has turned bullish with the latest breakout, hinting towards the beginning of a strong bullish trend. On the other hand, RSI is forming consecutive higher highs and lows and eventually pushes the levels towards the upper threshold.
Therefore, the Bitcoin (BTC) price appears to be strongly within a bullish trajectory and hence is expected to maintain a strong ascending trend. However, the price is believed to consolidate for a while but eventually remains within a bullish influence.
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