$BTC

Has Bitcoin Stopped Correcting and Is It About to Rise?

The cryptocurrency market is known for its volatility, and Bitcoin, being the leading digital currency, often goes through cycles of highs and corrections. Recently, we have seen BTC undergoing a correction phase, but the big question now is: has this correction come to an end and are we about to see a new high?

Technical Indicators and Market Sentiment

To answer this question, it is important to analyze some factors:

Support and Resistance: If Bitcoin has respected an important support and is starting to form higher highs and higher lows, this may indicate a trend reversal.

Trading Volume: An increase in volume during upward movements suggests that there is buying strength entering the market.

Indicators such as RSI and MACD: If the RSI (Relative Strength Index) was oversold and starts pointing upwards, this may be a sign of recovery. The crossing of the MACD lines may also confirm a possible beginning of a rise.

Fundamental Factors

In addition to technical analysis, external events can drive the price of Bitcoin:

Bitcoin Halving: If we are nearing a halving, historically this tends to