bitcoin is weird

BTCUSDT

The bulls are attempting to drive Bitcoin back within the symmetrical triangle pattern, indicating significant buying interest at lower levels. However, the relief rally is likely to encounter strong selling pressure at the moving averages and the resistance line of the triangle. If the price fails to break above the overhead resistance, the bears will make another push to bring the BTC/USDT pair down to $25,250.

This level is crucial to monitor, as a breach could intensify selling and lead to a potential plunge to $20,000. On the upside, for a new upward movement, the bulls need to overcome the resistance line, potentially propelling the pair to $31,000 initially, followed by an attempt to break above $32,400.

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