Bitcoin is currently in a consolidation phase, trading roughly between US $109 K and US $116 K.
A key resistance is around the US $116,000 level; a key support/invalidation region is around US $109,000.
Technical signals: On a shorter timeframe (H4) there is a BUY signal as BTC is above its 21-EMA. But the broader mood is neutral to mildly bullish — the market is waiting for a catalyst.#GateVenturesAcquiresPerpDEXADEN $BTC
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Bitcoin is currently in a consolidation phase, trading roughly between US $109 K and US $116 K.
A key resistance is around the US $116,000 level; a key support/invalidation region is around US $109,000.
Technical signals: On a shorter timeframe (H4) there is a BUY signal as BTC is above its 21-EMA.
But the broader mood is neutral to mildly bullish — the market is waiting for a catalyst.#GateVenturesAcquiresPerpDEXADEN $BTC