CryptoWzrd, in his latest daily technical Bitcoin managed to close in the green, but the candle remains indecisive, signaling that a clear reversal is yet to form. He added that more healthy bullish candles are needed to confirm a shift in momentum. For now, his attention is on the lower timeframes, where he plans to…
Tag: US CPI Data
Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate
After retesting the range lows, Bitcoin (BTC) has closed the week above a key area, momentarily preventing a breakdown to lower levels. Some market watchers suggested that reclaiming the local range highs this week will set the stage for another leg up, but an analyst warned of potential volatility in the coming days. Bitcoin Holds…