📊 Is Bitcoin regrouping itself before the surge?!
Bitcoin $BTC is currently trading around the $103,800 level after a drop from the peak of $108,000 over the past two days. This correction occurred amidst tension in global markets, which has made some investors prefer caution.
However, at the same time, there are positive indicators. Liquidity on exchanges is decreasing, which means that people are withdrawing their assets for long-term storage, and this is usually a sign of an upward trend. Additionally, the Federal Reserve has not yet announced any new changes to interest rates, which may open the door to strong movements in the coming week.
🎯 Strong support at 103k, and resistance at 108k. Breaking either of them will determine the next direction.
Do you expect an increase in the coming days? Or is there still a drop ahead?
Share your opinion 👇
