LIVEWe saw a dip upon retesting 67K, where the 12-hour MA100 and the Ichimoku Cloud are located not the best signal, as I mentioned earlier. So now we're keeping an eye on another test of the main support zone within the range of 62-60K.
A breakthrough could signal the start of a serious mid-term market correction, with a decline towards 56K, and in the worst-case scenario, towards 50K. That's where the next important supports lie: the MA200 and the psychological level.
But a retest of the support zone before a full bounce to 72K happened last time as well. So there are still chances for growth and continuation within the sideways range.
We're observing which side gains dominance: buyers or sellers. The only concern right now is that we've fully breached the Ichimoku Cloud on the 12-hour chart
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Disclaimer:
This post is for educational purposes only and I am not your financial adviser. It is not financial advice. Please always conduct your own research and analysis before investing in any cryptocurrency or relying on the information provided. The content is based on data available as of [current date], and market conditions may change rapidly. Invest wisely and consider your risk tolerance before making any investment decisions.
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