#BTCvsMarkets

Important Alert for Beginners in the $BTC Market

If you notice that the price of Bitcoin is moving within a defined range between $92,000 and $93,000 and $94,000 for two or three days, don't be fooled!

This is not a real rise; it may just be the calm before the storm!

Now, according to the technical analysis on the 4-hour timeframe, we observe that the price is indeed rotating in this narrow range without any clear breakout to the upside, just as it happened previously when the price reached $95,000, and then suddenly the phase of collective sliding began.

Even with the positive news that came out today, such as Tether and SoftBank announcing a new project in the Bitcoin field, and the price rising by 6.8% in the past few hours, all of this does not necessarily mean that the market is on its way to a strong rise.

On the contrary, this kind of "stagnation within a price range" is often a precursor to a sudden drop.