Following the recent bounce of BTC above $63,000, analysts have once again split into two camps — some see the beginning of a new bullish momentum, while others view it as a 'bull trap.' Who is right?
$BTC #LaunchpadWars #CryptoCPIWatch #NewsTrade #CryptoRoundTableRemarks
What technical analysis says
• EMA 200 (daily) is currently holding — this is a strong support signal.
• RSI is close to the neutral zone (~52), allowing for movement in both directions.
• Volumes are increasing, but have not yet reached true FOMO phase levels.
Fundamental factors
• Binance is launching a new Launchpool, which traditionally generates interest in altcoins.
• The market is waiting for CPI data (inflation in the USA) — possible high volatility.
• Whales are accumulating BTC, but this is not always a guarantee of growth.
Conclusion
The current zone ($62K–64K) is a decision-making level. A breakout upwards opens the path to $68,000. A breakout downwards returns to $58,000.
Advice: DYOR. The market lives not only by charts but also by sentiments.
