Market direction today: Are we seeing a new upward movement on $BTC

BTC

91,985.77

-0.74%

BTC#BTC86kJPShock ?

We have observed a clear stability in the price of Bitcoin $BTC above a strong support level in the last few hours, which indicates that buyers are still in control of the market.

If the price manages to break through the resistance zone above, we might see a new upward wave in the coming days.

However, if there is a break of support, there might be a slight correction before the market stabilizes again.

Major currencies like $BTC and $ETH are moving closely these days, which makes the market sensitive to any news.