As of now, Bitcoin's market cap stands at $2.29 trillion, making up over half of the total sector valuation. The trading volume over the past 24 hours has exceeded $52 billion.
Current Market Indicators for Bitcoin
Bitcoin is showing a strong rise, having surpassed the $115,000 level after weeks of consolidation. The price peaked near $115,650, with a trading volume over the past day exceeding $52 billion.
Technical Indicators Show Bullish Signs
On the charts, Bitcoin demonstrates bullish momentum, firmly establishing itself above the $115,000 level. The Relative Strength Index (RSI) is hovering just below the overbought zone at 64, signaling continued strength but also space for potential pullbacks.
Market Outlook
The latest movement reinforces Bitcoin's position as the primary driver of market sentiment. As altcoins lag behind, traders are closely watching whether Bitcoin can break above $120,000. Bitcoin's dominance above 50% signals a strong investor preference towards this asset.
If the positive momentum continues, analysts suggest the next target for bulls may be in the $123,000–$125,000 range.
