๐ BTC is on the Rise, Is It Time to Enter?
The price of Bitcoin (BTC) is rising, having touched $41,000 not long ago. Many are wondering: is this just a temporary bounce or the beginning of a new bull run?
Looking at the weekly chart, BTC is starting to create higher lows and buying volume is increasing. This could be a signal that buying interest is returning. Additionally, the BTC halving is getting closer (predicted for April 2025) โ historically, prices usually start to rise a few months before the halving.
But still, be cautious. Strong resistance is around $42,000 โ $43,000. If it breaks through, it could continue to rise. But if it fails, it could drop back to the $38,000 range.
Relaxed conclusion:
BTC is starting to show promise, but don't FOMO. Check support-resistance, manage risks, and donโt forget: the crypto market changes rapidly.
๐๐ DYOR (Do Your Own Research) is still important before taking a position. Letโs keep an eye on its movements!