Bitcoin is at a strong demand level where investors, traders, and institutions, will decide to accumulate or drop to its next support level
BTC:
Currently watching the 30k level for a bounce to test 40k
We will most likely see some consolidation during an accumulation period between the 30 and 40k levels as we did in the summer of 2021. This could go on for months
BTC could possibly break 30k, where it would then test the trend line and have a bounce or if it does break the trend line, move down to the 25k level
We will know we are in a bull market when BTC can hold above 42k. This level has acted as a very strong support and resistance zone
BTC:
Currently watching the 30k level for a bounce to test 40k
We will most likely see some consolidation during an accumulation period between the 30 and 40k levels as we did in the summer of 2021. This could go on for months
BTC could possibly break 30k, where it would then test the trend line and have a bounce or if it does break the trend line, move down to the 25k level
We will know we are in a bull market when BTC can hold above 42k. This level has acted as a very strong support and resistance zone