Bitcoin Daily Update : Holding Support

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1. Price Above the 200-Day Moving Average (MA): The price has reclaimed and is trading above the 200-day MA (red line), which is typically considered a bullish signal in technical analysis. This suggests potential long-term support and a shift in sentiment.
2. Month Support Zone: The blue rectangular area marks a significant support zone that has held for approximately 4 months. This indicates strong buyer interest in this range, providing a foundation for potential upward momentum.
3. Volume Increasing: The recent increase in volume (visible on the volume bars) supports the breakout above the 200-day MA and suggests growing market participation, which strengthens the bullish case.

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