Today’s challenge of the “Word of the Day” (WOTD) under the theme “IPOs Are Moving On-Chain” was interesting, but we managed to crack it. Is anyone else taking part this week for the 10,000 USDC prize pool? 💰
If you haven’t solved it yet and need a hint with the letters, leave a comment below and we’ll help each other out. 👇
What’s happening with Bitcoin today? 📊 My market perspective
Bitcoin’s price is currently consolidating within the $84,700 range. After a couple of busy sessions, we’re seeing the market compress its volatility in this area, seeking the strength needed to define its next major move.
Personally, I notice that the Relative Strength (RSI) indicator is in a constructive zone without reaching extreme overbought levels. I believe that if the bulls can keep the price firmly above this current support, we could see bullish continuation over the coming weeks. However, in this kind of environment, it’s always important to trade with caution and manage risk.
What do you think? Is it time to go long, or do you prefer to wait for a lower pullback to accumulate? I’ll read your comments below! 👇
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