news 
Bitcoin (BTC) in ‘Pain’ Mode, Top Analyst Explains
The cryptocurrency market has been experiencing a tumultuous period lately, with the value of many digital assets plummeting. The Bitcoin (BTC) market has also seen its share of volatility, causing many investors and traders to question the future direction of this highly volatile asset class.
In the latest update from prominent trader Gamza Khanzadaev, we’re about to dive into his views on the current situation and potential future directions.
The New York session’s low is a significant point. If Bitcoin stays above it, passive bids may increase in value, supporting a possible upward movement. However, falling below this level would indicate that passive sellers are dominating the market, which could lead to further correction.
As traders navigate these uncertain waters, they should keep an eye on key levels and follow broader market cues for clearer direction during this volatile period.
Source: Arman Shirinyan
Source: u.today
