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Is Bitcoin gearing up for an upward move?
After several days of correction, Bitcoin is showing signs of recovery, suggesting that selling pressure may be weakening. The breakout of key levels and the approach of the 50 and 200-period moving averages indicate a potential structural shift in the short term. If the price holds this recovery and the moving average crossover materializes, we could see a strengthening bullish trend, attracting even more liquidity to the asset.
If this setup confirms, Bitcoin could quickly target the $84K - $85K range. The confluence of indicators, such as widening Bollinger Bands and increasing buying volume, reinforces this possibility.
Now, the market awaits confirmation of this move. Are you ready for the next leg up?
