Bitcoin Market Analysis

April 22, 2024

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⚪️TECHNICAL (1D)

BTC has successfully reclaimed the crucial horizontal resistance level of $65K, signaling potential for a continuation of the bullish trend as long as it maintains its position above this zone. This development bodes well for the overall market sentiment. Conversely, a breakdown retest of the horizontal support would represent a bearish scenario.

⚪️WRAP-UP (VIP)

BTC surpassing $65K resistance is bullish. Sustaining above signals further upside. A breakdown retesting horizontal support would be bearish.

$BTC DAILY RANGE:

📈Upper Limit: 66500

📉Lower Limit: 64500

(+-11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲65000

🔴SHORT

💲70000

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#bitcoinhalving #BullorBear #Memecoins #WIF #SHIB $BTC