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Bitcoin Still Stuck at Resistance Level
BTC yesterday afternoon managed to achieve quite promising gains, but was unable to break through the previous target resistance level. This movement is quite interesting to observe further.
On a smaller timeframe, several indications of a bullish structure are beginning to form. We will need to see if Bitcoin can continue its momentum and reach the levels previously identified. The momentum recovery against support will also be key to confirming a breakout to the upside.
Chart patterns and technicals remain positive; we are just waiting for volume and buyer commitment to test the next resistance.