Bitcoin Bulls Take Back Seat 💺

Bitcoin Update: BTC's recent rally took it close to the $35,000 resistance before a correction. Here's what you need to know:

🔹 Bitcoin is currently trading above $33,200 and the 100 hourly Simple Moving Average.

🔹 A key breakout pattern is forming with resistance around $34,050.

🔹 If BTC breaks above $35,000, it could target $36,200 and potentially $37,000.

On the flip side:

🔻 Immediate support is at $33,400.

🔻 The major support is near $32,800 and the triangle trend line.

🔻 If it falls below the trend line, it may decline toward $31,500.

Technical indicators:

Hourly MACD: Losing bullish momentum.

Hourly RSI: Above the 50 level.

Keep an eye on the $34,050 resistance for potential price movements! #bitcoin #BTC #cryptocurrency #crypto