Bitcoin Momentum Flattens at $78K: Shakeout Before Surge?

Bitcoin's momentum has flattened at $78,274, prompting a technical reality check for traders.

The Relative Strength Index (RSI) is pinned in overbought territory at 71.57, while the Moving Average Convergence Divergence (MACD) momentum is dead flat, a setup that historically precedes a 3-5% pullback toward the $77,100-$77,700 support cluster.

However, the Bollinger Band structure suggests there's genuine room to the upside if momentum reloads, with price sitting comfortably in the upper half of the band and well away from the upper rail at $85,876.