Bitcoin has once again tested the resistance area and was rejected from it. That was likely the weekend pump, and let's see if BTC can continue its upward movement today. We may witness some volatility in the market when the US market opens.
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The levels are functioning well. Bitcoin experienced a significant surge after reclaiming the $106,800 level. The price reached the resistance area between $110,200 and $110,600 but faced rejection on the first attempt. A break above this resistance could push the price towards the $112,000 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.