MARKET UPDATE: $BTC
Bitcoin recently rebounded from a key trendline support level, accompanied by strong buying volume, signaling renewed bullish interest. The sharp bounce indicated that buyers were actively defending the support zone, driving the price higher in an attempt to regain bullish momentum.
However, the upward momentum appears to be fading as BTC struggles to sustain its gains. The declining volume on subsequent candles hints at weakening buying pressure, raising concerns of a possible consolidation or pullback. If bulls fail to maintain the current levels, the price could retest the support zone, making it a critical level to watch.