Bitcoin (BTC) is heating up: Critical comment from experts.
Bitcoin is currently in a long-term uptrend, but it is approaching a critical resistance area in the shorter time frame. According to Crypto World analyst Josh, the Super Trend indicator remains red. Bitcoin is still following a major downtrend and has not yet clearly entered the bull season despite the short-term gains.
The analyst said that Bitcoin is showing signs of forming higher lows, but more is needed for the bull season. A breakout above the $68,000 resistance level would give confidence to both investors and the market.