#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve #BTC/USDT ANALYSIS


Bitcoin is trading below the 200MA, which is acting as a key resistance barrier above the current price.
A strong breakout above the 200MA would confirm bullish momentum and could trigger an upward rally in the market.
However, rejection from this level remains possible and may lead to downside move.
$BTC Bitcoin fell below the ascending support line that guided its April rally, according to technical analysis shared by Elja. The breakdown occurred on FOMC day, with BTC trading near $75,633 after losing the lower boundary of its rising channel that had held through April as the price$SLNH
Path B depends entirely on the market and developments. For example, it doesn’t have to be 3 to 4. Or it can be 3, it doesn’t have to be 4. Or the process can change in a completely different way. This possibility is a forward perspective on what could happen if the double bottom breaks down.
Right now, it is in a bottom consolidation process, and these processes don’t end all at once. The perspective I drew is a much healthier bottom perspective#WCTCTradingKingPK #BitcoinETFOptionLimitQuadruples #USSeeksStrategicBitcoinReserve
BTC1.98%
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