On the monthly chart, Bitcoin is showing signs of strength after consolidating near the $52K–$54K zone. This base indicates accumulation, and the trend remains bullish for the medium term.

Key Monthly Observations:

Support: $50K–$51K has proven to be a strong floor over the last few months.

Resistance: $55K is the key level to watch—breaking this would open the path toward $58K–$60K.

Trend: Price is above the 20-month SMA, maintaining long-term bullish momentum.

Indicators: RSI is climbing but not overbought; MACD on monthly shows increasing bullish divergence.

Analyst Note: On the monthly timeframe, BTC looks poised for a push toward $55K. Investors should watch the $55K resistance for signs of a sustained breakout. A monthly close above this level could confirm continuation of th#e long-term uptrend.

BTC

70,322.01

+0.95%