❇️Active Addresses and Dormant Tokens: $BTC continues to maintain a high number of active addresses, which is a positive sign for market activity. Additionally, dormant tokens are starting to move, a historical indicator of bullish market behavior.
❇️Technical Analysis: BTC's price is currently at a decisive point, resting on the $34,000 support level. It had reached a recent high of $35,280 but has been gradually declining over the past 48 hours. This decline could potentially lead to a correction down to the $31,400 support level in the near future.
❇️Bearish Signals: A bearish ascending triangle has formed on BTC's daily chart, which suggests the potential for a price pullback. The Relative Strength Index (RSI) on the daily chart indicates that buyers are losing strength, and the market may be in extreme overbought territory.
❇️Bullish Outlook: Despite the bearish signals, there is still a possibility of BTC climbing in the coming days. The bearish rising triangle is seen as a medium-term pattern, and BTC may attempt to challenge the $36,900 barrier within the next week.
