Bitcoin False breakout a bullish longer-term correction phase

٢٨ سبتمبر

Bitcoin’s price has recently broken below a key trendline support despite a generally positive fundamental backdrop and an ongoing bullish longer-term trend. This suggests that the market may currently be undergoing a counter-trend correction phase.

One contributing factor to this short-term weakness appears to be the decline in U.S. interest rates, which has unexpectedly had a negative impact on the cryptocurrency market as a whole.
From a technical perspective, I have identified several important levels:

A breakout and confirmed close above this level could signal renewed bullish momentum and potentially trigger a positive market reaction. and there target will be 113K to 118K

You may find more details in the chart.
Trade wisely best of Luck.

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٣٠ سبتمبر

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