A Once-in-a-Lifetime Opportunity
Bitcoin is nearing a crucial capitulation event at $62,000, presenting a prime buying opportunity to catch the bottom. The precise level to watch is $62,402. But why is this specific level so significant?
Firstly, it corresponds to the 0.618 Fibonacci retracement level from the previous impulse wave, a key technical indicator. Secondly, there's an unfilled Fair Value Gap (FVGAP) from May 15, 2024, created during a major price surge. Historically, these gaps tend to get filled, making this level a high-probability target for Bitcoin's bottom.