Bitcoin Demand Turns Positive in Spot and Futures Markets
Bitcoin has seen a shift in demand for both spot and perpetual futures markets. According to @ki_young_ju, this is the first time since October 2025 that demand has turned positive in these areas.
The price of Bitcoin currently sits at $71,921.41 on the four-hour chart within a bullish trend. The EMA50 is at $65,377.42 and EMA200 is at $64,334.19, providing strong support levels.
However, the Relative Strength Index (RSI) has reached 89.16, indicating that the price may be overbought near the upper Bollinger resistance of $71,959.36. This could lead to a healthy retracement towards the 50-EMA before any sustained continuation in this market environment.
The Moving Average Convergence Divergence (MACD) golden cross at 1,910.03 also reinforces momentum, but caution is advised due to the overbought RSI reading.