$BTC
$BTC: Significant Momentum is Forming – Ready to Profit?
Bitcoin ($BTC) still serves as the main barometer for cryptocurrency market movements. Currently, BTC is in a consolidation phase after significant volatility over the past few days. With prices stabilizing and volume starting to increase, this could mark the beginning of the next significant movement.
From a technical perspective, the RSI indicator is starting to rise from the neutral zone, while the MACD shows potential for a bullish crossover. Many traders are beginning to prepare for a breakout above the $64K resistance if buying pressure continues to increase.
My personal strategy is to wait for confirmation of a breakout candle on the 1-hour timeframe with strong support around $61,800. My short-term target is at $65K, with strict risk management.
Bitcoin remains the strongest cryptocurrency fundamentally and technically. If this momentum is leveraged with the right strategy, the potential for profit is not just a hope!
