[Analysis] "Bitcoin, Undergoing Trend Reversal... Breaking Through $118,000 is Key"
Suehyeon Lee
Summary
- An analysis has stated that Bitcoin (BTC) is undergoing a trend reversal.
- The analyst said that breaking through $118,000 is necessary for a shift to an uptrend.
- It is reported that Bitcoin is currently trading at $116,299.36.
It has been analyzed that Bitcoin (BTC) is breaking out of its correction phase and undergoing a trend reversal.
On the 23rd (local time), cryptocurrency analyst Ali Martinez stated on X, "Bitcoin is undergoing a trend reversal. To return to an upward trend, it needs to break through $118,000."
Meanwhile, Bitcoin is currently trading at $116,299.36 on CoinMarketCap, up 3.04% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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