A few weeks back, the price broke through a key resistance level (the white trend line on the chart). Since then, it has been moving upward with no strong resistance nearby, suggesting further upside potential toward the next major resistance zone (target profit level).

At the same time, the U.S. dollar has weakened following the Iran US ceasefire developments, adding more bullish momentum.

All signs point toward a favorable setup it could be the right time to consider buying Bitcoin.

$BTC

BTC
BTCUSDT
77,551.5
+0.24%