Full steam ahead for Bitcoin as 5 days uptrend continues

The sentiment that generated $7,924 in cumulative gains over the past 5 days was further evident for Bitcoin. Heading in the same direction for now — after closing the previous trading day at $28,154, Bitcoin is up to $28,259, which makes for a move of 0.37%/$105.09 today.

The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Bitcoin has crossed the upper Bollinger Band® at $26,263, a potential sign that further gains are to follow. Despite this, 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: FTX Token is up 9.54%.

Meanwhile, Ripple drops 5.66% to trade around $0.443.