Bitcoin – Where are the signs of a local bottom and a price reversal?
Bitcoin’s attempt to break the $106k range high resistance fell short once again.In fact, recent data from Rekt Capital illustrated a retest of the $101k range low, marked by a critical support level. Although temporary wicks dipping below this level are acceptable, maintaining a daily close above $101k is essential for sustaining the ongoing consolidation phase.Furthermore, the blue diagonal trendline may serve as a volatile zone for any downward wicks during this retest. As the market continues its sideways movement, Bitcoin’s ability to hold this range will be crucial in determining its next directional move.