Bitcoin Weekly Analysis Report
While the direction in Bitcoin may seem to be upwards, the possibility of the recent upward movement being a correction should not be overlooked. The downward trend is still ongoing.
Therefore, the nearest support level at $92,520.00 should be closely monitored. If a decline towards the support level is observed, there is no need to panic.
In the event of a drop towards the support level, demand may be found at that level, potentially leading to an upward movement. If the upward movement continues, a new bullish trend could begin. This scenario could have a positive impact on the crypto market.
