🚨Is Bitcoin Ready for the Next Upswing to $47,000 as It Consolidates After the Run?.
Due to the possibility of a significant portion of mid-term investors regaining access to the profit zone, the levels around $45,000 might be viewed as critical. Regardless of changes in the market, these traders are keeping the token.
Given how quickly the price is nearing these levels, the key question is whether the bulls will continue to keep strength until these levels are reached or whether they will provide the bears an opportunity to benefit. Following a period of holding the diagonal support, the price of BTC quickly rose spectacularly, overtaking the temporary resistance zone.
The market is likely getting ready for the next price action as it consolidates inside a small range.As previously said, the $45,000 levels are critical for the token to continue its upward trend, which might push the price of Bitcoin beyond $46,500 by year's end.
