Bitcoin in Sideways Market in Daily timeframe : Awaiting the Breakout
Bitcoin ($BTC ) is currently trading in a sideways market on the daily timeframe, consolidating within a defined range. This phase of indecision reflects a balance between bullish and bearish sentiment, as traders await a clear signal for the next major move.
The key level to watch is $108,378.
A breakout above this resistance could indicate the continuation of the bullish trend. If BTC breaks above this price level with strong volume, it could pave the way for further upward movement, signaling renewed momentum in the market.
On the other hand, failure to break above this resistance could keep BTC in its current range or even lead to a pullback. Therefore, risk management is essential as the market approaches this critical level.
Key Takeaway: The market is poised for a potential bullish continuation, but all eyes are on the $108,378 level.
A decisive breakout above it could unlock the next leg of the bullish trend. Stay vigilant and prepared for increased volatility!
What’s your outlook for BTC? Will the bulls take charge, or will the consolidation continue? Let’s discuss! 🚀📈