#BTCUSDTAnalysis
Hello Traders 🤚
What are your thoughts on BITCOIN ? After setting a new all - time high , Bitcoin remains in a corrective phase , marked by sideways price action and choppy movements .
There's a notable gap around the $ 114,000 level , which may act as a magnet for price during this correction . The ongoing pullback is likely to extend toward the key support zone , which aligns with the previous breakout level and the bottom of the ascending channel .
Once this support holds , we could see a bullish reversal , targeting the upper boundary of the channel once again . As long as Bitcoin remains above the marked support zone , the overall structure stays bullish and this correction may present a buy - the - dip opportunity .
Will Bitcoin fill the gap and bounce back toward new highs ? Let us know your thoughts 👇
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