BTC/USD: Bullish Momentum Amidst Oversold Conditions
Hello Everyone,
Currently, BTC/USD presents a favorable buying opportunity as it appears oversold at the moment while maintaining a notably bullish trend. It is showing indications of readiness to extend its growth trajectory. To confirm further upside potential, it's imperative for the price to sustain above the monthly pivot point (1M PP) initially, and later establish a stable position beyond the weekly pivot point (1W PP). However, failure to maintain these positions could result in testing support levels on both weekly and monthly timeframes.
TradeWithTheTrend3344
Currently, BTC/USD presents a favorable buying opportunity as it appears oversold at the moment while maintaining a notably bullish trend. It is showing indications of readiness to extend its growth trajectory. To confirm further upside potential, it's imperative for the price to sustain above the monthly pivot point (1M PP) initially, and later establish a stable position beyond the weekly pivot point (1W PP). However, failure to maintain these positions could result in testing support levels on both weekly and monthly timeframes.
TradeWithTheTrend3344