Why Bitcoin [BTC] investors can expect a bull run from this defending zone
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The daily active addresses witnessed a substantial plunge but the funding rates show some improvement.struggled to move past its trendline resistance while affirming a robust bearish edge. The king coin saw a relatively dull phase post an expected breakdown from its bearish pattern over the last few days.
But a sustained close below the $18.4K-mark could expose BTC to a test of its first major support level at the $17.6K level. Additionally, as BTC entered a low liquidity zone, it could potentially witness high volatility moves in the coming times.
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