⚠️UPDATE 🌐 #Bitcoin $BTC broke out of the descending channel at 12 h. meets resistance from the Ichimoku cloud. A break above the Ichimoku cloud will confirm the bullish impulse. EMA 200, support
A PRESSURE TRIANGLE IS FORMING, GROWTH POTENTIAL 71000.00
▶️Last value : -863.8994 24h% :-981.25%
Net deposits on exchanges are low compared to the 7-day average. Smaller deposits can be interpreted as lower selling pressure.
⚠️ Comment
In a volatile market, 3.5 million addresses that bought Bitcoin at prices up to $65,000 are now in the red. This creates selling pressure when the break-even point is reached. For a breakout, Bitcoin needs to overcome resistance at $65K.
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