Bitcoin Rising - Will Buyers Push Towards 104,550??
BTCUSDT has broken above a key resistance area and is now retracing for a potential retest.
This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move towards the 104,550 dollar level, which is a logical target for this setup.
Conversely, failure to maintain support may indicate a potential bearish reversal.
Traders should watch for bullish confirmation signals, such as engulfing bullish candles, strong wicks rejecting the support area, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you may have.
Trade at your own risk 👍
