Will Bitcoin Bounce Back? Monitoring Critical Support Zones
Currently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market.
We need to closely monitor whether we can achieve another bounce off this trendline. If we can't hold, we could sink further into the $59,000 to $58,500 range, which feels a bit like quicksand. For those following my charts, I recommend staying alert and prepared for potential shifts in the market.
We need to closely monitor whether we can achieve another bounce off this trendline. If we can't hold, we could sink further into the $59,000 to $58,500 range, which feels a bit like quicksand. For those following my charts, I recommend staying alert and prepared for potential shifts in the market.
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