Bitcoin Dynamics: What Do Technical Indicators Suggest?
The Bitcoin (BTC) monthly chart exhibits a sustained bullish structure, even after successive daily corrections. Analysis of the Bollinger Bands indicates that the asset continues to operate in the upper part of the channel, demonstrating the buying strength in the market. The moving average of the bands, previously at US$ 61,000, has advanced to above US$ 65,000, signaling a revaluation of the average price and a possible strengthening of the bullish trend. This technical behavior suggests the formation of a new bullish resumption movement, driven by a favorable liquidity context and a progressive increase in buyer support.
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