Bitcoin: Waiting for a Signal!
Bitcoin's journey within the 41,000-44,000 range is ongoing.
The range remains untouched and thus valid, but there's renewed pressure on the lower boundary.
Last week's failed breakout introduces a bearish sentiment, making a retracement more likely than a bullish continuation. However, it's crucial to note that the final outcome is still pending confirmation.
To confirm a breakdown we would need to see a sweep of the lows below 40,200 and a closure below 41,350.
On the flip side, for a bullish trend to persist, we need a sweep of 49,000 and a closure above 46,900.
