Bitcoin (BTCUSD) recently achieved significant intraday gains, surpassing the key resistance level of $95,600. This move was further bolstered by a breakthrough above the EMA50 support, allowing Bitcoin to shake off its previous negative pressure.
Positive signals emerging on the Relative Strength Index (RSI) have contributed to this momentum, reinforcing the dominance of the primary bullish trend in the short term. However, after this strong performance, Bitcoin seems to be taking a brief pause to consolidate its gains.
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