Bitcoin at a crossroads.. Has the journey begun? 🚀
While everyone is watching the screens cautiously, we notice that the $BTC is drawing an interesting technical pattern on the daily time frame. We are currently testing pivotal support levels, and liquidity has started to flow noticeably towards leading currencies.
Why now?
Acquisition stability: We notice a steadiness in Bitcoin's dominance, which signals that large investors (whales) are accumulating in these areas.
External data: Stay tuned for macroeconomic news, as the market is currently "pricing in" the upcoming probabilities, creating short-term trading opportunities for professionals.
My technical view:
If we succeed in closing above the current resistance levels, we may witness a rapid journey towards previous peaks. However, in the case of a break, it will be an excellent opportunity for "dollar-cost averaging" (DCA) for long-term investors.
Discussion question:
Do you think $BTC will reach a new peak this month, or will we see a deeper correction? Share your predictions in the comments
#StrategyBTCPurchase #Write2Earn #CryptoAnalysis #BinanceSquare #Bitcoin #BTC