Bitcoin’s recent consolidation above key support levels suggests strong buyer interest, with market sentiment shifting toward accumulation.
Technical indicators like rising moving averages and bullish RSI momentum reinforce the potential for an upward breakout.
Macro factors, including institutional adoption and decreasing exchange reserves, point to a supply squeeze scenario.
A break above resistance could trigger a sustained rally, making the current setup favorable for a long BTC position.
Technical indicators like rising moving averages and bullish RSI momentum reinforce the potential for an upward breakout.
Macro factors, including institutional adoption and decreasing exchange reserves, point to a supply squeeze scenario.
A break above resistance could trigger a sustained rally, making the current setup favorable for a long BTC position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.