Quick Update: It stopped at the support zone I mentioned and Now I think it should mimic the circled price action of December 2023.
There’s a clear symmetric triangle nearing a breakout and it can go any side as this pattern typically indicates a period of consolidation, with the price breakout direction being uncertain. In case of a bearish breakout, there’s a strong support zone between $74 and $73. I’d suggest you to wait until the price breaks out above the red EMA 20 line on this hourly chart.
Though the SEC went hard against BNB, it still stands stronger than SOL and Bitcoin is like "Nothing Wrong" which is a good omen.
BNB's psychological support of $300 is quite strong and we might see a swift recovery from here.................
Why Bitcoin is not responding to the current market? Find out here: www.nftworldnews.tech
It is at the tipping point to break above the resistance. Read more about BINANCE:BTCUSDT and BINANCE:ETHUSDT and the future of crypto
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Where do you see BTC going? I think it will break the $31700 resistance. BITSTAMP:BTCUSD
Where do you see it going in the next week? #BTC BTCUSD #Bitcoin
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