🚀 Bitcoin has reached the previous wave peak by giving positive signals recently! 😄 Despite the market uncertainty, it has gained momentum with the aim of regaining the 200-day moving average. However, there is a possibility of rejection as we approach the critical resistance zone. 🤔
💹 According to technical analysis:
- On the daily chart, there was a bullish divergence between the price and the RSI indicator, with Bitcoin's strong buying activity near the $25,000 support level.
- On the 4-hours chart, Bitcoin is approaching a key resistance zone at $28,000.
🔍 In on-chain analysis:
- The 12-18 month UTXO group is showing their confidence in Bitcoin's long-term potential by holding on to their investments rather than hastily selling them.
What do you think is the future of Bitcoin? 🧐 We are waiting for your comments! 👇
💹 According to technical analysis:
- On the daily chart, there was a bullish divergence between the price and the RSI indicator, with Bitcoin's strong buying activity near the $25,000 support level.
- On the 4-hours chart, Bitcoin is approaching a key resistance zone at $28,000.
🔍 In on-chain analysis:
- The 12-18 month UTXO group is showing their confidence in Bitcoin's long-term potential by holding on to their investments rather than hastily selling them.
What do you think is the future of Bitcoin? 🧐 We are waiting for your comments! 👇