Hold or Bust: Bitcoin's Future Hangs in the Balance
The current state of Bitcoin's momentum, seems to be slowing down based on the Ichimoku Indicator. I am specifically focused on the Chiku span, which is the green line diving into the price. This is usually followed by a fall in price. Additionally, Bitcoin is currently below two other indicators, the Tenken Sen and Kijun Sen, indicating bearish signs. However, Bitcoin has the support of the cloud, which is still acting as a barrier between the current price and the potential drop to 25.2k. I say that more time is needed to see if the price will bounce off the cloud or fall into it, ultimately affecting the value of Bitcoin.
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