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#Bitcoin is testing the bull market support band. These bands act as solid support and resistance during each bull cycle. BTC flipped these bands into support in January 2023. Every time the price has tested these bands since then, we've seen a nice upside continuation.
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$APX AstropepeX and AIis.dev RevolutionizingAI Token creation.
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8 bitcoin ($500k) donated to pay for Julian Assange's flight by anon
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Forget âXRP is Deadâ â This price signal tells a different story
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#Bitcoin is bearish ? BTC was trading inside a massive range in the previous cycle. The price broke out above the range high, but it turned out to be a fakeout followed by a long bear market. In 2024, the price has broken out above the range high again and has been consolidating above the same level for the past few months, which it failed to hold in the previous cycle (2021). As long as $60,000 holds, this still looks like a consolidation phase before another leg up. Bull market consolidations are not bearish.
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