๐ Is it finally time for a new Bitcoin (BTC) rally?
For months, crypto investors and enthusiasts have been asking the same question:
Is now the right time for growth, or are we still stuck in a market downturn?
Based on recent movements โ it might just be time for a breakout.
On the chart, we can clearly see a yellow support line that has been showing a slow but steady upward trend since the beginning of the month. This kind of support often sets the stage for a stronger move up.
Additionally, weโve seen a bullish signal from the SMA โ where the price has broken above the upper moving average line, historically a sign of growing bullish momentum.
While crypto is always volatile, the current technical indicators suggest a possible shift toward growth and the early signs of a bullish phase.
๐ Will BTC finally lead the market higher? Or is this just another bull trap before a deeper drop?
๐ Let us know what you think โ bullish or bearish?
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