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BTC's price has recently risen from the lower range and is now pushing toward the upper range - a classic sign of increasing bullish momentum 📊
The ranges are widening again, indicating increasing volatility. This often precedes a strong directional movement.
Historically, breakouts above the upper range can indicate trend acceleration, while rejections often lead to short-term corrections.
Currently,$BTC
The stock is near the middle to upper range with a strong upward slope in the 20-day simple moving average - a technically healthy setup for continuation if buying pressure persists.
In summary: the market is in a state of anticipation, but beware of volatility traps. Tight stop-loss orders and clear bias help in this.
