Bitcoin stands its ground, maintaining key support levels despite a dip
, the world's most renowned digital currency, has managed to stay above a critical support zone.
Traider Jake Wujastyk highlighted on the X social media platform that Bitcoin continues to hold its position above the November 2022 Volume Weighted Average Price zone, which stands at $25,157.This cautiously bullish sentiment is echoed by trader Scott Melker who pointed out a"bull div confirmed" on Bitcoin's four-hour chart.
A bullish divergence, for those unfamiliar, is a technical indicator suggesting a potential upward price movement, contrasting the ongoing trend.
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