BTC: Consolidation, strength and a possible breako

BTC: Consolidation, strength and a possibled breakout

Bitcoin continued to trade just below $120K at press time, consolidating after its recent surge. The daily RSI was at 64, indicating strong but not yet overbought momentum.

This suggests BTC still has room to climb before hitting exhaustion.

Meanwhile, the OBV remained steady at 1.76M, showing consistent buying pressure even during sideways movement. The indicators point to a healthy pause rather than a reversal.

If volume increases and RSI pushes above 70, BTC could break above its short-term resistance and enter a fresh rally phase, potentially fueled by the broader shifts highlighted earlier.