🛑 - Bitcoin $BTC
The currency that does not need justification for the present security and future wealth🛑
It drops to confuse everyone and rises to take all the lights BTC
✅ Question. Comment briefly, is Bitcoin rising or falling?
Current price 8672182 USD
Lowest level 8467936 USD
Highest level 8732352 USD
❄ Quick technical understanding indicates that analyses suggest a dominance of the bearish trend in the short term with increasing pessimism among investors, supported by the price trading below the 50 moving average, which represents bearish pressure. However, the very short-term momentum is considered positive as the price bounced from its lowest level, recording gains, and the vital near resistance is around 92000 points while strong support is around 75000 points with a current near support level around 84000.
♣ Short advice for caution: reduce leverage and use a clear stop loss, for example, up to 83600. For traders, a reversal above 90000 will be a positive signal. Consider gradual buying DCA if it drops to 80000 or lower.
