Bitcoin: Should you prepare for a correction as BTC stalls at $52K

A lack of strong momentum at $52,000 is raising concerns about a BTC reversal. But there are some bullish signals.surge in price has caused many traders to believe that a correction is imminent for the king coin. However, new data suggests that BTC’s rally may be able to sustain itself going forward.This was indicated by the rising volumes of BTC. According to recent data, in the latter half of February, the daily trade volume for BTC averaged over $10 billion.

Firstly, elevated volume often suggests heightened liquidity, making it easier for traders to buy and sell without causing significant price fluctuations. This increased liquidity can attract more institutional investors, contributing to a more stable market. The price exhibited multiple higher highs and higher lows, however there was no larger trend established. The resistance level of $53,054 was tested multiple times implying that it was weakened during this period.

Source: Digital Coin News (digitalcoinnews.net)

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