What is the next step for the short -term holders of Bitcoin?
The next Bitcoin movement depends on his ability to reclaim important resistance levels. A bullish case arises when BTC breaks past $ 92k and holds above it. This would probably restore confidence in the short term holders, which shifts sentiment from uncertainty to renewed accumulation. The post -time positioning of the RSI near 55 pointed to space for further upside down when buying pressure persists.
Conversely, a bearish scenario if BTC is rejected in the vicinity of $ 92k. Not reclaiming this level can confirm a short -termdringtrrent, strengthen the profit and add sales pressure.
The recent increase in the OBV must maintain itself. Otherwise a recession could see BTC retesting lower support levels, making it possible to revise $ 82k $ 84k in the upcoming sessions.
Credit : ambcrypto.com
