The Bitcoin price is currently aligning with the yearly trend and the ongoing trend mentioned in last week’s update.
In the past week, the recovery growth showed signs of slowing down and moving sideways. However, the recovery momentum has not shown clear signs of stopping as the price is expected to advance towards the nearest resistance convergence zone of 44300-45900.
After accumulating enough factors for a reversal, the price is likely to decrease towards the support convergence zone at 37000, and potentially even down to 32930.
Remember to always adhere to strict capital management rules to minimize the risk and achieve consistent profits in the market.
Wishing all investors wise and successful investment strategies! Stay tuned for the upcoming Bitcoin price updates.
By. Pham Thanh Bien
