Bitcoin Price Action Update:
Yesterday, Bitcoin retraced to the triangle breakout zone, indicating a potential retest.
This move aligns with a surge in buying volumes according to on-chain data, sparking optimism.
If validated, a market rise could be imminent. Keep an eye on the $29,000 resistance; it might offer an excellent profit-taking opportunity for short-term traders. Stay vigilant and trade wisely.ππ°
π Long-term analysis chart π
Yesterday, Bitcoin retraced to the triangle breakout zone, indicating a potential retest.
This move aligns with a surge in buying volumes according to on-chain data, sparking optimism.
If validated, a market rise could be imminent. Keep an eye on the $29,000 resistance; it might offer an excellent profit-taking opportunity for short-term traders. Stay vigilant and trade wisely.ππ°
π Long-term analysis chart π
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π Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b πππ