$BTC
Bitcoin had a strong rise on the weekly chart, but now it's showing uncertainty with a doji candle near the retest area. There's 16 hours left before the candle closes. Will the buyers push the price higher, or are we looking at a possible downturn? Get ready for some action!
Predictions:
1. Bullish Scenario: If the candle closes above the retest zone, it might signal further upward movement, encouraging more buyers to enter the market.
2. Bearish Scenario: If the candle closes below the retest zone, it could indicate a potential correction, leading to a drop in Bitcoin's price.
3. Sideways Movement: The market might remain uncertain, leading to a period of consolidation where prices don't move significantly in either direction.