The Relative Strength Index (RSI) has recently changed direction in this shorter time frame, climbing above the 14-period moving average, which boosts the likelihood of a trend reversal.
Currently, the RSI is approaching the 60 mark, indicating that bullish momentum is gaining strength.
There is a strong indication of bullish interest maintaining upward pressure, as Bitcoin has pulled back twice from the $2,150 mark, with buying activity remaining robust during the U.S. trading session.