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$CFX Conflux is on Fire! 🔥
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$BTC closed with a strong bearish candle, followed by a minor pullback. The price is now likely to face rejection, which could push it further down. The new resistance zone is around $115K, with a key barrier between $116.7K and $117K. A confirmed breakout above this range is needed to shift momentum back in favor of the bulls.
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#Bitcoin is bouncing back from the support line of its downward channel. Right now, it's trying to break above the 100 day moving average, which is acting like a resistance. If it breaks above both the 100MA and the channel, it could kick off a strong bullish rally.
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