Bitcoin has recently surpassed the critical resistance level of $72,000, reaching a peak of $73,600. However, the market is currently experiencing a tug-of-war between bulls and bears, creating a period of uncertainty for investors. This volatile environment raises the question: Is now the right time to invest in $BTC ?
For those who have yet to acquire Bitcoin, this could either be a pivotal moment or a risky one. The price is currently bouncing off a resistance level that has been referenced in my previous analyses. Notably, there appears to be a point of accumulation on the 10-minute chart, indicating potential buying interest at these levels.
However, caution is warranted. The Relative Strength Index (RSI) is suggesting a bearish trend, which signals that we should remain skeptical about entering the market too hastily. While the atmosphere is undoubtedly charged, it's essential to closely monitor price movements.
If BTC manages to break through its all-time high, we might be heading towards the $82,000 mark. Until we see Bitcoin stabilize above the $73,000 level, making hasty decisions could be unwise. As always, stay vigilant and analyze the market closely to navigate these turbulent waters. #BTC #Bitcoin
Bullish Pattern??
is it real?
