Bitcoin is gearing up for a potential shift from its consolidation range as volatility increases, particularly at the Wall Street open. This development marks an important moment for the cryptocurrency, as it faces an 8-month downtrend.
Market participants are closely monitoring Bitcoin's price movements, aiming to see whether it can reach the $69,000 mark. This challenge of its previous downtrend is pivotal as it signifies renewed interest and momentum in the market.
The focus is now on how Bitcoin will navigate this volatile period and whether it can break through significant resistance levels to continue its upward trend.
