Bitcoin (BTC) Update - Zoomed In Perspective
Expressing skepticism regarding a potential breach of the $41,000 support level for Bitcoin (BTC), I anticipate the market to witness at least one additional upward bounce 📈.
This sentiment is substantiated by a notable Bullish Divergence observed on the 4-hour Relative Strength Index (RSI), suggesting a possible reversal in the current trend.
Considering a cautious approach, the conservative target for this anticipated bounce is set at $44,000, while a more aggressive projection aims for $45,800.
These targets serve as reference points for potential price movements, allowing for strategic decision-making in the context of the prevailing market dynamics.
As always, vigilant monitoring of the price action and confirmation of key technical indicators is crucial for navigating the intricacies of the cryptocurrency market. 📊🎯
#BTCUpdate #TechnicalAnalysis #CryptocurrencyTrading #TrendingTopic #TradeNTell
