$BTC $BTC Bitcoin ($BTC ) has been consolidating in a range recently, with the price hovering around the $76,000 level. While the overall trend remains bullish, the current price action suggests a period of indecision among market participants.

Support and Resistance

Strong Support: The immediate support level is located at the 24-hour low of $75,714.66. A break below this level could signal a potential bearish correction.

Strong Resistance: The 24-hour high of $76,795.69 acts as the primary resistance level. A breakout above this level could reignite the bullish momentum.

Entry Signal (Conservative)

Given the current consolidation phase, a more conservative approach is recommended. Wait for a clear breakout above the resistance level of $76,795.69 with increased volume. This would confirm a bullish continuation and provide a potential entry point.

Additional Considerations

Bollinger Bands: The Bollinger Bands are currently narrowing, suggesting a potential period of low volatility. However, a sudden expansion of the bands could indicate increased volatility.#BIOProtocol #FedRateStrategy #EthereumRally #MicrosoftBitcoinRejection #Write2Earn!