BTC has once again approached $35,000 after encountering resistance at $36,000. However, we've now witnessed a Golden Cross, a bullish signal. Despite the recent panic selling just a day before yesterday, Bitcoin isn't showing any reversal signals at the moment. It appears poised to reach $40,000 if it manages to surpass the $36,000 resistance. Staying close to this resistance level weakens its position, and Bitcoin is currently trading near $36,000, which is promising. There isn't a significant selling volume, and the RSI is still below 70, while it continues to follow a rising channel. It's advisable to enter the market if it crosses the $36,000 mark and consider booking profits in the range of $40,000 to $42,000, as this area is likely to encounter strong resistance and potentially trigger a reversal.
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