The question of BTC was if it could surpass the crucial 24K level, which marks the difference for a new bull market.
So far, BTC has not yet confirmed the 24K, which means that the trend still looking for key action and it can stay for some time stable before a new breakout.
From a long-term perspective, a BTC value above 18K is seen as positive , and 20K is important for the trade view that BTC should hold it.
As for the current trend, there is a good chance that the volume activity can have a new volume in the range between 21,400 and 21,700. This range is considered a volume zone where BTC can have some gains. IF BTC is not able to hold this zone, then it should, at last, holds the 20200 USD as the most important zone.
BTC for a low time frame BTC is still in a breakdown trend from the important key level of 24K, but it means not that it's broken into a confirmed downtrend as there is a good chance BTC will return to up 23K.
Markets change with time, and it's important to stay updated with last trends in the price action of BTC.
So far, BTC has not yet confirmed the 24K, which means that the trend still looking for key action and it can stay for some time stable before a new breakout.
From a long-term perspective, a BTC value above 18K is seen as positive , and 20K is important for the trade view that BTC should hold it.
As for the current trend, there is a good chance that the volume activity can have a new volume in the range between 21,400 and 21,700. This range is considered a volume zone where BTC can have some gains. IF BTC is not able to hold this zone, then it should, at last, holds the 20200 USD as the most important zone.
BTC for a low time frame BTC is still in a breakdown trend from the important key level of 24K, but it means not that it's broken into a confirmed downtrend as there is a good chance BTC will return to up 23K.
Markets change with time, and it's important to stay updated with last trends in the price action of BTC.
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BTC is still in a range that could lead to growth. In the upcoming new weekly chart, will closely monitor the BTC charts to see if we can get a new confirmation.
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As long as BTC holds for the low time frame of the price action at the side of volume where we did add before, there is still a good chance BTC will return to 23K.
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Until now BTC holds still the volume zone.
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BTC holds an important level of volume.
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And this is exactly what BTC did shows about the positive view, it did hold an important point, and did increase over the key level.