The chart below shows the short-term trend for Bitcoin based on hypothetical price and volume data.
- Price Trend: Bitcoin is currently fluctuating in a range between $65,987 and $66,615. The price has shown slight upward movement over the period but remains in a consolidation phase.
- Volume Trend: Trading volume is gradually increasing, indicating more activity. When combined with price consolidation, this could suggest a potential breakout.
If price breaks above key resistance levels while volume continues to increase, the next move could be upward. However, if volume declines or the price fails to breach resistance, a short-term correction might occur.
