This Indicator Shows Bitcoin Hit a Pivotal Level; Why Bulls Are in Control
bitcoinist.com
Although it has yet to decline beneath any crucial support levels, it is currently trading within its previously established trading range between $9,000 and $9,300. While pointing towards Bitcoin’s “Unspent BTC map,” one analyst explained that $9,000 has now become a substantial support level for the digital asset.
The same trader who spoke about the vital nature of Bitcoin’s $9,000 support also explained that one concerning trend is that most traders are currently profitable, with moving profits not yet crossing moving losses. Because $9,000 has now become a crucial level, whether or not it is broken again by Bitcoin’s sellers will be a testament to their underlying strength.
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