Bitcoin (BTC) recovery: Will the rise continue?

Bitcoin (BTC), which managed to support protect a critical region, winked at the rise.

Drawing a turbulent price structure in recent days, Bitcoin has gradually gained rise momentum. The pioneer of cryptocurrencies, which turned its course upwards after testing $ 62,000, created a positive mood throughout the market. Will the BTC, which made an upward move for the first time after the halving, be able to maintain its rise price structure? Which in BTC


The outlook on Bitcoin has evolved into a positive one!

The Bitcoin, which has been trending fall in recent days, has managed to maintain the $62,000 – $63,000 range support. The leader of cryptocurrencies, which advanced to the minor resistance level with the reaction it received from this region, gave investors some confidence. The BTC, which has changed hands at $63,812 as of writing, may target the upper levels if the geopolitical chaos calms down, the news flow turns positive, or the FED rates fall.

Green space is of critical importance in the short/medium term price structure. Every process that stays above this area will strengthen the hands of buyers over time. However, in the opposite process, sell-side transactions can be weighted for BTC and lead to volatile price movements.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

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