#Bitcoin is trading at a very crucial level🚨 Price is currently trading around the middle Bollinger Band. Historically, when price breaks above the middle Bollinger Band, Bitcoin enters a strong bullish phase. In this cycle, price reclaimed the mid band in October 2023 around $26,000, after which it rallied to $126,000. So far, price has tested the middle Bollinger Band for the first time this cycle, which is a key support level. A break below could trigger a massive correction and signal a bear market, while a successful hold could lead to a strong upside move.