Bitcoin’s Next Move: What to Expect?
Bitcoin’s recent price consolidation has left traders speculating about its next major move. Historically, periods of low volatility often precede sharp movements. Currently, Bitcoin is hovering around key support levels, with $30,000 acting as a psychological barrier.
On-chain data suggests increasing accumulation by long-term holders, signaling bullish sentiment. However, macroeconomic factors, including interest rate decisions and regulatory developments, could play a crucial role in shaping Bitcoin’s trajectory.
A breakout above $32,000 could ignite a rally toward $35,000, while a dip below $28,000 might test lower support levels. Traders should closely monitor market sentiment and trading volumes as the crypto market remains highly unpredictable. Bitcoin’s next move could set the tone for the broader cryptocurrency market.
