Bitcoin Faces Resistance Amid Weak Momentum and Low Volume 📉
Bitcoin is currently experiencing difficulty maintaining its position near a significant resistance zone, despite a recent brief recovery. Trading around $105,500, the cryptocurrency is near an ascending trendline's upper boundary but is encountering strong resistance below $108,000, a level that thwarted the previous breakout attempt.
This technical barrier, coupled with low trading volume and diminishing momentum, signals potential future volatility. If Bitcoin fails to hold above key support levels, it may face a correction that could see its value dip below the psychological $100,000 mark. The 50-day EMA is serving as a dynamic...
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