ETH-WHALE_ID3313

BITCOIN TREND! OR TRAP! #JULY

BINANCE:BTCUSDT   Bitcoin / TetherUS
It appears that there is a consensus that Bitcoin is currently surpassing its previous highs. The question arises whether this development is a trap or a genuine trend. It is important to note that there is a bullish trend emerging as evidenced by the price bids reaching a significant resistance level below $27,000. However, for Bitcoin to exhibit a rally and surpass the $40,000 zone, it will require substantial bidding volumes exceeding $27,000. Based on these factors, it can be inferred that if the bidding volume surpasses the $27,000 threshold, Bitcoin is highly likely to demonstrate a positive trend and enter the $40,000 or higher zone.
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