Bitcoin [BTC] buyers should know these caveats before opening a long position

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin rebounded from its near-term EMAs to reveal a strong bullish inclination. Bitcoin’s social dominance and development activity chalked out a downtrend. Bitcoin’s [BTC] ongoing gains aided the buyers in inducing a close above its 20 […]

The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Bitcoin’s social dominance and development activity chalked out a downtrend.

In such circumstances, the first major resistance level for BTC would lie in the $22.5k zone. The crypto entered a high volatility phase after an extended compression in the $19.1K region. Any reversals from the immediate resistance range can delay the near-term recovery prospects.

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