Thank you for reading our update. Please remember that this is not advice for trading.
Bitcoin (BTC) has faced challenges since it dropped below $30,000. Since then, it has been following a relatively stable trend.
Since $24,200 BTC is working towards reaching the $30,000 mark again. We have observed that $24,600 is a strong level of support, but it's essential to consider the timeframe, which needs confirmation.
The confirmation of a new upward trend might occur between $27,000 and $27,500. Until that happens, it's advisable to monitor the trend and see if BTC can confirm this positive movement based on technical data. If it does, BTC may have the potential to climb back to $30,000.