Bitcoin is testing its bull market support band for the first time since the November breakdown—worth keeping a close eye on. This is a critical zone to watch, particularly as the price action develops on the weekly timeframe. The weekly candle closes here will be key in determining whether the support holds or if we see further downside. The technicals are setting up interesting, so traders should monitor these levels carefully over the coming sessions. How the price reacts at this juncture could signal the direction of the next leg.
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GateUser-afe07a92
· 17h ago
Can this wave rebound? It feels like the support level is about to break again.
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BlockchainTalker
· 17h ago
actually, if we break this down through the lens of support/resistance dynamics... this is where the real game theory kicks in, ngl. weekly closes are literally the tell-tale sign rn.
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BlockDetective
· 17h ago
Whether the weekly chart can hold this level is really crucial; if broken, it signals a bearish outlook.
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governance_lurker
· 17h ago
Wait a minute, can this support hold up? It feels risky.
Bitcoin is testing its bull market support band for the first time since the November breakdown—worth keeping a close eye on. This is a critical zone to watch, particularly as the price action develops on the weekly timeframe. The weekly candle closes here will be key in determining whether the support holds or if we see further downside. The technicals are setting up interesting, so traders should monitor these levels carefully over the coming sessions. How the price reacts at this juncture could signal the direction of the next leg.