Bitcoin is currently trading within a horizontal supply zone, where price action is showing signs of consolidation. The 21-day and 50-day moving averages are positioned below the current price, acting as dynamic support and indicating underlying bullish momentum.
A breakout above the supply zone, accompanied by strong volume, could signal the continuation of the upward trend. However, if the price fails to breach this level, a potential rejection and subsequent pullback may occur. Traders should closely monitor price behavior at this critical zone for confirmation of the next move.
Posted Using INLEO
Congratulations @signalmaster! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 200 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP