BTC

In Bitcoin (BTC), indicators depicting both bullish and negative tendencies are currently being seen.

Bearish Signal: Lower highs and higher sell volume may indicate that the market is in the downtrend phase. This may indicate that investors are capitulating due to concerns of regulation or isolated political environment. Moreover, the breaking of key support zones may exacerbate the bearish outlook.

Bullish Signal: If Bitcoin holds above key support areas and the number of buyers is growing – this signals about a new flow of harmless investors. Any positive news on institutional money coming in, or funds regarding adoption or a weakening of the dollar am also positive for BTC and suggest a bullish motive.#BTC

However, to evaluate the direction, it is important to consider critical resistance and support levels along with market sentiment.$BTC

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