BITCOIN 'S NEXT MOVE..⁉️
BTC Stall at $52K , Can this Rally continue its uptrend Or May Foreshadow Imminent Pullback Before Higher Prices..
Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation,
The largest crypto by market cap rallied 10% in a week, outperforming the broad-market CoinDesk20 Index's (CD20) 8% advance, extending its relentless rise from $38,500 in late January. The surge was coupled with accelerating inflows into U.S. spot bitcoin exchange-traded funds (ETF), with BlackRock's IBIT raking in over 28,000 bitcoin this week.
usully the $52,000 area is a significant resistance level on long-term charts that capped prices in September and December in 2021,and now also could pose a meaningful barrier for the rally to continue..
Beyond a short-term dip, the market looks poised for higher prices and any forthcoming correction could be a buying opportunity as long as BTC holds its support at near $47,500. "At this point, any pullback should be thought of as a potential buying opportunity....
DYOR/ NFA
based on a report By falconX
