#bitcoin analysis

#BTC has successfully moved back above the resistance line, which is a positive sign. To maintain this upward momentum, it's crucial for the price to stay above the $29,500 level. Monitoring the price action over the next 1-2 days will give us a clearer picture of how the market is responding.

Considering the volatility of the cryptocurrency market, it's advisable to set tight stop losses for all #trades . This precautionary measure can help limit potential losses in case the market moves unfavorably. Stay vigilant and keep a close eye on the price movements during this critical period.

#dyor $BTC