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BITCOIN UPDATE: -The price has been fluctuating in a tight range between 18K and 20K in the last few days, preparing for the next crucial move.
A double bottom pattern has been formed at the 18K level recently, which could push the price towards 20K once more. In the event of a bullish breakout, both $22,500 and 24K would be key resistance levels to watch in this timeframe.
The RSI indicator is also in a state of equilibrium, as recently, it has been oscillating around 50. The bulls and bears are currently struggling to take control, and the market could break out in either direction.
However, considering the higher timeframe bearish trend, a breakdown below 18K is still the more probable scenario.
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what said about the higher timeframe for bitcoin is most likely to happen. please do ensure to consider what is happening in the world to help the prediction, things are getting tighter out there by the day