Bitcoin has been in a downtrend for three months. At the moment, the price is squeezed between support and resistance levels.
It can be highlighted that bitcoin is moving in a similar scenario as last summer. In case the correction continues and liquidity gathers below the local minimums, it may start to grow to the marked resistance zone .
As for our trading indicators? Right now our systems are not showing anything, we are still waiting for signals to enter the market.
In the last idea, we said that there is also a trend line on the chart, which acts as resistance and that in the case of a breakdown of this line, the trend will turn from downward to upward. We recommend to watch ππ