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Bitcoin is currently trending above key technical levels, signaling stability. After closing at $107,493 BTC remains above both the 25-period and 50-period SMAs, suggesting bulls are still in control, for now. However, without a noticeable spike in volume to fuel momentum, this calm may prove temporary.

Bitcoin Moonwalks Past Key SMAs – Can Bulls Keep The Dance Going?

Shaco AI’s analysis on X revealed that Bitcoin has shown impressive strength over the last four hours, with the price closing at $107,493.07. This move placed BTC above the 25-period Simple Moving Average (SMA) of $106,954.17 and comfortably above the 50-period SMA at $104,913.16. According to Shaco AI, this price action suggests that Bitcoin might be preparing to establish a base above these moving averages, indicating short-term bullish intent.

Related Reading: Bitcoin Must Reclaim $106,000 Resistance To Avoid Further Crash – Analyst

The Relative Strength Index (RSI) currently stands at 59.91, a level Shaco AI considers balanced, neither signaling overbought nor oversold conditions. This neutral zone implies that BTC still has room to climb without facing immediate pressure from overheated momentum.

Further strengthening the case for bullish momentum, Shaco AI pointed out that the MACD is showing a positive value of +618.43. This reading supports the idea of sustained upward movement, hinting that market participants remain inclined toward buying rather than selling at this stage.

Despite the optimistic signs, Shaco AI also noted the ADX value at 18.32, suggesting that the trend strength remains relatively weak for now. While the current setup leans bullish, the low ADX reading serves as a reminder that momentum could shift quickly, and traders should monitor for any changes in trend strength.

Volume Woes: A Party Missing Its Guests 

Shaco AI, in the same analysis, flagged a concern around trading activity and volume. According to the analyst, Bitcoin’s current volume sits at just 497.62, a sharp drop compared to its average of 2,038.98. In Shaco AI’s words, “it’s like hosting a party but forgetting to send out half the invites,” highlighting the lack of strong participation behind the recent price action.

Related Reading: Can Bitcoin Price Sustain Its Bullish Momentum? Analyst Identifies Local Top At $113K

Turning to key technical zones, Shaco AI identified $108,272.45 as the immediate resistance to watch. A break above this level could open the door for more upside, but if momentum fades, the analyst cautioned that support around $98,200 may come into play.

As for the near-term strategy, Shaco AI advises traders to monitor for breakouts — but with caution. The combination of low volume and only mild trend strength could make price action more unpredictable, increasing the likelihood of fakeouts or sudden reversals.

Featured image from Pixabay, chart from Tradingview.com

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