Full steam ahead for Bitcoin as 5 days uptrend continues

Having added to its $7,554 increase during 5 days of gains, Today's session so far looks to be heading in the same direction — after closing the previous trading day at $27,800, Bitcoin is up to $28,342, which makes for a move of 2%/$541.76 today.

Investors are seeking long positions as Bitcoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Bitcoin has crossed the upper Bollinger Band® at $26,300, a potential sign that further gains are to follow. In contrast, the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Bitcoin's case, the index has risen above 70, signalling that the asset is overbought.

Overall, looking at the technical analysis landscape, it seems Bitcoin might continue pointing upwards in the short term.

Bitcoin shows positive signs, other assets are also on par: Ripple skyrockets 16.55% to trade around $0.437. FTX Token is up 9.54%.