$BTC Latest Update :
$BTC appears to be very bullish at the moment. I've referenced multiple time frame charts, and I can now observe a positive trend on the 20-minute chart. Consequently, I'm basing my analysis on the 20-minute chart.
Last night, $BTC reached 26,580 but then experienced a sudden drop due to a significant number of sellers in the supply zone. The market continued to dip slightly and touched the support level at 25,823.2. However, it rebounded strongly and has been consolidating in the range of 25,900-26,100 for the past 12 hours. Then, the CPI data was released, impacting the market.
Currently, #BTC is consistently breaking through the R1 resistance level and is now attempting to breach the R2 level. I can confidently say that R2 will also be surpassed, and we are getting ready to break through R3, after which #BTC is likely to rise above 27,000.
Why am I so sure about breaking R2? It's because we've recently seen a strong bullish momentum candle appeared and anyone can verify this by checking the volume details.
Don't worried about Markets little bit drop .
I always lend my support to BTC movements.
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Author(X&T): KingofBTC2024
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