Bitcoin (BTC) is on the rise: Critical commentary from experts.

Bitcoin is currently in a long-term uptrend, but it is approaching a critical resistance area in the shorter time frame. According to Crypto World analyst Josh, the Super Trend indicator remains in the red. Bitcoin is still following a major downtrend and has not yet clearly entered the bull season despite short-term gains.

The analyst said that Bitcoin is showing signs of forming higher lows, but more is needed for the bull season. A break above the $68,000 resistance level would give confidence to both investors and the market.

Bitcoin recently broke out of a previous area that acted as new support between $60,200 and $61,200. However, Bitcoin faces resistance between $64,100 and $64,500, and it has struggled to break out of this level in the past day. If Bitcoin can hold above this level, the next major resistance will be between $67,000 and $68,000. This level is expected to act as strong resistance based on previous price action.

In case of a short-term pullback, Bitcoin could find support around $63,000, with major support between $60,000 and $61,000. The short-term trend remains bullish, but the price could sell off at major resistance levels before resuming its uptrend. Additionally, industry news flow will play an important role.#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto