strong buy
Bitcoin Eyes All-Time Highs Amid Support at Critical Level
The current status is within a daily Fair Value Gap (FVG). The prevailing trend is upward, with objectives set on reaching new all-time highs (ATH) and establishing a higher range. In the short term, Bitcoin is fluctuate within a range of 107,000 to 109,000 USD. Attempts to break out of this range on the news have failed, which is not promising. On lower timeframes, the situation appears tense, with a critical support level at 107,600 USD. Maintaining above this level is crucial if the upward momentum is to continue.
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AI Analysis
The recent price action suggests that Bitcoin remains within a daily Fair Value Gap, indicating a bullish bias focused on reaching new all-time highs. The inability to exit the current lateral range o...
AI Recommendation
Traders should consider holding long positions as long as Bitcoin remains above the 107,600 USD support level. Short-term caution is advised, especially if a confirmed break below 106,800 USD occurs, ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.