Doctor Profit: Bitcoin begins testing key Level 2 resistance; a breakout and sustained hold could signal bullish momentum

According to TechFlow, on November 04, crypto trader Doctor Profit posted that Bitcoin is currently testing the key Level 2 price mentioned in his previous report. He said that if BTC breaks above the level, recaptures it, and sustains a daily close above it, that would be an important bullish signal, indicating that the market has absorbed the panic selling triggered by the Binance hack, that the capitulation phase may be ending, and that buyers are regaining control of the market.

Doctor Profit stressed that merely touching the level is not enough to confirm a trend reversal; it is necessary to observe whether the price can sustainably hold above it.

Source: TechFlow