In recent weeks, Bitcoin has offered rapid growth to $35,000. This rise has captured the attention of the crypto community and opened a debate about the next step for the leading cryptocurrency. Despite the impressive rally, the resistance at $35,000 has proven its strength, suggesting that Bitcoin could be on its way towards $30,000.
As predicted in análisis anterior, Bitcoin found a solid foothold around $25,000, coinciding with Wyckoff Phase D of accumulation. This dynamic support was based on the 50-week moving average and the structural resistance line formed by the bullish rally of Phase A of the accumulation.
Bitcoin's accelerated growth towards $35,000 reflects optimism and renewed interest in the cryptocurrency. However, resistance at this mark has proven to be remarkably strong, indicating that breaking this level may require additional effort on the part of buyers.
Given the evident resistance at $35,000, it is reasonable to consider that Bitcoin could consolidate in the short term, with a possible correction taking it towards $30,000. This level has been historically significant and could act as a key support point.
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