The daily chart for the BTC/USDT pair shows a notable recovery after a long period of sideways movement. After weeks of consolidation near the lower Bollinger band, Bitcoin has surged upwards and is now trading around $94,686 - above the middle band and moving with bullish momentum.

Technical overview:

▪️ Bollinger Bands: The price has risen above the upper band, indicating increased volatility and the possibility of a new bullish trend.

▪️ MACD: The momentum is clearly bullish - the MACD line is above the signal line, and the chart continues to expand.

▪️ The RSI stands at 66.4, approaching overbought territory, which may indicate a short-term pullback.

Potential scenarios:

▪️ Continued rise - If momentum and volume persist, Bitcoin may target resistance levels near $97,500 and $100,000.

▪️ Short-term pullback - As the RSI approaches overbought territory and the price moves beyond the upper Bollinger band, a profit-taking correction towards the support zone of $92,000 to $90,000 is possible.

✅ The current situation favors the bulls, but market conditions are heating up. Traders should closely monitor trading volume trends, RSI behavior, and candlestick patterns near key levels to confirm the next move. 🔔 Stay alert - conditions may change rapidly in this environment.