Bitcoin is currently trading at $124,682, reflecting a daily gain of 1.28%. This price level brings it closer to a significant resistance point, which is near $125,708. The Relative Strength Index (RSI) readings stand at 72.8, indicating that the momentum may be overbought. This suggests that there could be a pause in the upward movement of Bitcoin’s price as it tests this critical resistance level. The current market conditions highlight the importance of monitoring these indicators, as they can provide insights into potential price movements in the near future.
