🚨 BTC Update: What’s Next for Bitcoin? Key Levels to Watch! 📈
BTC Urgent Update: Analyzing the Next Move 🔍
As we wrapped up the weekend around the $63K mark, BTC has maintained a neutral stance, closing on Friday without significant changes. Currently, growth appears to be slowing down, raising questions about the market dynamics at play. Here’s what to look for:
Current Situation ⚖️:
Price Range: BTC is hovering around $63K.
Market Sentiment: Growth has stalled, possibly due to limited buying activity or BTC nearing the upper boundary of a short-term descending channel.
What to Watch for Next: 📊
❗️ Confirmation Needed:
1. If Growth Continues:
A bullish Monday could pave the way for BTC to reach $65K, and potentially $66K in the best-case scenario.
2. If We Bounce Back:
A downward movement may lead us to the $60K level, with a worst-case scenario potentially dropping to $57K - $58K. This aligns with the 61.8% Fibonacci level and the lower boundary of the descending channel.
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