BTC.USDT
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Bitcoin witnessed a significant rebound to $67,000 after touching the key daily support level at $62,000. It has successfully retraced the entirety of the previous major candlestick. Currently, Bitcoin is testing the daily resistance at $67,400. A successful breach of this level could propel it towards the $81,500 mark, amid mixed sentiments of fear and optimism. This movement aligns with the anticipated scenario of a daily correction followed by a resurgence, despite the market's initial struggle and eventual recovery. The observation of a pronounced bearish candlestick previously had momentarily raised concerns about the breakdown of daily support affecting the weekly trend, but those fears have since been alleviated.
Support Level: $62,000
Resistance Level: $67,400
Bitcoin witnessed a significant rebound to $67,000 after touching the key daily support level at $62,000. It has successfully retraced the entirety of the previous major candlestick. Currently, Bitcoin is testing the daily resistance at $67,400. A successful breach of this level could propel it towards the $81,500 mark, amid mixed sentiments of fear and optimism. This movement aligns with the anticipated scenario of a daily correction followed by a resurgence, despite the market's initial struggle and eventual recovery. The observation of a pronounced bearish candlestick previously had momentarily raised concerns about the breakdown of daily support affecting the weekly trend, but those fears have since been alleviated.
Support Level: $62,000
Resistance Level: $67,400
$BTC
#BTC.USDT
Daily Analysis
Today's Bitcoin analysis shows that the market has remained relatively stable since yesterday, continuing to find support on an hourly basis. Our recent analyses suggested the potential for a pullback to the 66,000-67,000 support range, which has been somewhat verified over the last hour. The projection for a climb to 81,500 remains viable as long as Bitcoin maintains above the daily support level. Should it unexpectedly breach this support, we anticipate a descent towards the weekly support level. As previously discussed, this zone is expected to experience significant pressure in the lead-up to the Bitcoin halving event.
Current Support Level: 67,500
Current Resistance Level: 71,500
#BTC.USDT
Daily Analysis
Today's Bitcoin analysis shows that the market has remained relatively stable since yesterday, continuing to find support on an hourly basis. Our recent analyses suggested the potential for a pullback to the 66,000-67,000 support range, which has been somewhat verified over the last hour. The projection for a climb to 81,500 remains viable as long as Bitcoin maintains above the daily support level. Should it unexpectedly breach this support, we anticipate a descent towards the weekly support level. As previously discussed, this zone is expected to experience significant pressure in the lead-up to the Bitcoin halving event.
Current Support Level: 67,500
Current Resistance Level: 71,500
$BTC
#BTC.USDT
Recent analysis reveals that Bitcoin has consistently held above the key weekly support level of 56,500 and advanced towards the daily resistance of 61,800. Successfully surpassing 61,800, Bitcoin's price briefly touched above 65,100, a significant weekly resistance point.
The price is expected to decrease from this point, turning this range into a key trading area. Continuing this trend, if Bitcoin sustains above the 61,800 mark, it may aim for 65,000. Nevertheless, it is not expected to overcome this resistance at the moment.
Key support: 56,500
Key resistance: 65,100
#BTC.USDT
Recent analysis reveals that Bitcoin has consistently held above the key weekly support level of 56,500 and advanced towards the daily resistance of 61,800. Successfully surpassing 61,800, Bitcoin's price briefly touched above 65,100, a significant weekly resistance point.
The price is expected to decrease from this point, turning this range into a key trading area. Continuing this trend, if Bitcoin sustains above the 61,800 mark, it may aim for 65,000. Nevertheless, it is not expected to overcome this resistance at the moment.
Key support: 56,500
Key resistance: 65,100
$BTC
#BTC.USDT
Bitcoin is facing significant challenges in overcoming the newly established daily support level to reach back to the weekly support at 60,500, as noted in our recent analyses. After a decline to 61,000, Bitcoin formed a support level and attempted a rebound to breach the daily resistance at 66,300. However, it appears more likely that the price will continue to fluctuate within this range to complete the process of weekly correction rather than breaking any major levels.
Key Support: 60,500
Key Resistance: 66,300
#BTC.USDT
Bitcoin is facing significant challenges in overcoming the newly established daily support level to reach back to the weekly support at 60,500, as noted in our recent analyses. After a decline to 61,000, Bitcoin formed a support level and attempted a rebound to breach the daily resistance at 66,300. However, it appears more likely that the price will continue to fluctuate within this range to complete the process of weekly correction rather than breaking any major levels.
Key Support: 60,500
Key Resistance: 66,300
$BTC #BTC.USDT
Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis.
It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction.
Main Support: 61,300
Current Resistance: 66,600
$BTC
Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis.
It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction.
Main Support: 61,300
Current Resistance: 66,600
$BTC
#BTC.USDT $BTC $BTC
"Long"
Entry : 67600 : 66800
*SL* 65500
Tp: 1 69000
Tp 2: 70000
Tp 3 : 71000 $WIF #BTCbullish #btcbullrun
"Long"
Entry : 67600 : 66800
*SL* 65500
Tp: 1 69000
Tp 2: 70000
Tp 3 : 71000 $WIF #BTCbullish #btcbullrun
$BTC
#BTC.USDT
#Daily
Bitcoin's market behavior aligned with expectations, entering a daily correction phase and breaking through key levels with relative ease.
Currently, it finds support at the critical threshold of $65,000, coinciding with the position of the long-term upward trend line. We anticipate a high likelihood of the price rebounding towards the $68,200 level. If it breaks the last line of daily support, we could see a retraction to the weekly support range between $56,000 and $52,000. However, our analysis leans towards a recovery from this pivotal point.
Support Level: $65,000
Resistance Level: $68,200
#BTC.USDT
#Daily
Bitcoin's market behavior aligned with expectations, entering a daily correction phase and breaking through key levels with relative ease.
Currently, it finds support at the critical threshold of $65,000, coinciding with the position of the long-term upward trend line. We anticipate a high likelihood of the price rebounding towards the $68,200 level. If it breaks the last line of daily support, we could see a retraction to the weekly support range between $56,000 and $52,000. However, our analysis leans towards a recovery from this pivotal point.
Support Level: $65,000
Resistance Level: $68,200
