#bitcoin☀️ - price update:
- The overall trend remains bullish on the monthly and weekly charts 📈
- On the daily chart, the price is currently neutral and moving within a bearish channel
- Breaking the $65,200 - $65,000 resistance level is critical.
- We might be approaching a local peak here! 🚨
- Expect a retest of the $60,000 - $59,000 support zone 📉
- Sideways movement within the yellow box is likely for several days or weeks ⏳
Key resistance levels to monitor: 🎯
$65,200 - $69,500 - $72,000
Key local supports: 🎯
$62,900 - $58,500 - $55,800 - $53,500 - $52,000
For the long-term outlook, maintaining weekly prices above $56,000 suggests potential for a new all-time high 📈
A weekly close below $56,000 could lead to a retest of the $50,000 or $48,000 support zones ❗️
Keep a close watch on the yellow zone!
Good trading, everyone! 🐸
What are your thoughts? 👀
