The Bitcoin price is following the trend of the year and the continued trend from last week’s update. The price has experienced growth and recovery in line with the technical convergence method.
However, the recovery momentum shows no signs of stopping, as the price is likely to advance towards the nearest resistance convergence zone at $45,280.
Upon reaching the convergence zone, the price may exhibit sideways movement, forming a reversal pattern. Confirmation from the confirmation system is awaited before any reversal can be considered. After the reversal, the price is expected to trend downwards towards the support convergence zone at $37,100, and potentially even the zone at $32,930.
Always remember to adhere to strict capital management principles to minimize the risk and achieve consistent profits from the market.
Wishing all investors wise and successful investment strategies. Stay tuned for the next updates on Bitcoin price.
By. Pham Thanh Bien
