Bitcoin is currently at a critical juncture. To resume its upward trajectory, it must reclaim several critical support levels. However, the confluence of the 50-day SMA, the range pivot, and the long-term macro level near $43,000 poses a significant obstacle. Based on this analysis, I anticipate a pullback before Bitcoin resumes its upward journey.
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Elevate your trading journey with TokenPro – your compass to navigate the crypto market.
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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.