The Bitcoin bounced and now is approaching the most important level which it have to broke for the growth continuation. This is not $40000 as you can imagine, but the $39163 – the monthly S1 line. Moreover the strong 4h timeframe supply zone is also here. The main question, will BTC break through this level? Noone can know, but the increasing volume is the bullish sign now. If it occurs the next target is $43-45k, let’s watch out!
Don’t forget about todays FOMC meeting which can influence the current situation. If the rate is going to be increased in March 2022 as expected everything is going to be OK for BTC.
The most important level for the Bitcoin!
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