In the trading session on Tuesday, Bitcoin experienced a minor pullback but subsequently witnessed an influx of buyers seizing the opportunity presented by the dip. The cryptocurrency market is particularly noteworthy right now due to the buzz surrounding the impending Bitcoin ETF. Nevertheless, since the announcement, the market has been predominantly bearish. The $47,500 price level represents a substantial resistance zone, which has historically proven to be formidable over an extended period. This level holds significance in the realm of technical analysis, and its breach would require significant effort. ... (full story)