The $BTC price action has been relatively stagnant, with volume stabilizing over recent sessions. While the pair continues to respect its established channel, the current movement suggests it is gravitating towards the support line.
The $49k-$50k range remains a crucial support level to hold. A breach below this could signal a potential shift in market dynamics. However, given the current technical setup, I anticipate that this period of consolidation may conclude before mid-October, potentially leading to a more decisive move.
Market participants should remain vigilant as this key support level is tested in the coming weeks.#BTC☀ #Bianance #CryptoNewss
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