Bitcoin is currently in a critical waiting phase, with traders closely monitoring a key price zone that needs to be decisively broken by sellers.
The cryptocurrency has been testing this area, and a confirmed break could indicate a significant movement towards a final correction.
Analysts are particularly focused on the lower zones near the 200-day Exponential Moving Average (EMA), which is considered a great opportunity for buying.
It is advised for market participants to exercise caution and thoroughly research before making any investment decisions.
The ongoing fluctuations in Bitcoin's price emphasize the importance of strategic planning in the volatile cryptocurrency market.