Lingrid | BITCOIN new Catalyst Drives the PRICE Higher
2024-09-30

The recent  BINANCE:BTCUSDT  increase following CZ's release from jail has the potential to act as a catalyst for a bullish move. The current market structure indicates the formation of higher highs and higher closes, signaling a positive momentum. The price bounced off the support level at 53,000 and has surged up to the current resistance levels. Additionally, the daily chart shows that the price broke and closed above the previous resistance level, which suggests a potential shift in trend. This breakout could signify a new bullish phase for the market. Looking ahead, a pullback is likely, and if the price rejects the support level and upward trendline I expect further upward movement.  


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