Bitcoin outperforms the Nasdaq index by 50% over the past three months, and it is now testing a key resistance level. ๐
If the price is rejected from this level, we may see a correction similar to what happened during the 2022 cycle after Bitcoin formed its bottom.
But if $BTC
manages to break through this resistance and hold above it, Bitcoin could lead the market and kick off a very strong bullish wave. ๐
This is an important level that should be closely monitored. Make sure to manage risk and wait for confirmation before entering any trade.
If the price is rejected from this level, we may see a correction similar to what happened during the 2022 cycle after Bitcoin formed its bottom.
But if $BTC
manages to break through this resistance and hold above it, Bitcoin could lead the market and kick off a very strong bullish wave. ๐
This is an important level that should be closely monitored. Make sure to manage risk and wait for confirmation before entering any trade.