BTCUSDT: Exploding increase in value

Today, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing.

From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility.

However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.