In the 2-hour time frame, Bitcoin could follow one of these three trends:
1. If it hits its resistance channel, the price might drop to the step-level price I’ve drawn for you.
2. It might fail to gain significant volume and start its bearish trend from here.
However, if Tether dominance loses its support, Bitcoin is likely to turn its resistance channel into support, leading to a renewed price increase.
1. If it hits its resistance channel, the price might drop to the step-level price I’ve drawn for you.
2. It might fail to gain significant volume and start its bearish trend from here.
However, if Tether dominance loses its support, Bitcoin is likely to turn its resistance channel into support, leading to a renewed price increase.
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So far, Bitcoin has been progressing well, so just wait for the resistance level it’s aiming to reach. If you'd like, I can provide a new analysis on the potential price levels it might reach.
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