LIVEMa_trader
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Bearish
đđ đ Bitcoin Analysis: BTC at $62K â A Generational Bottom? đ
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. đđč
$BTC
#Write2Earn!
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. đđč
$BTC
#Write2Earn!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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