Market Update: BTC Rally Faces Resistance, Support Level in Sight
Bitcoin has seen an upward move, but traders are eyeing a potential pullback as it approaches resistance. Analysts predict BTC could retrace to its key support level in the near term, leading to a cooling-off phase.
The current rally has sparked optimism, but market conditions remain fragile, with many expecting heightened volatility before President-elect Donald Trump takes office. While long-term recovery is possible, the short-term outlook suggests a dip could be on the horizon.
Stay cautious and watch for BTC’s reaction at critical levels to navigate the market effectively.
