đ Bitcoin (BTC) Price Analysis: Next Move Prediction and Key Levels to Watch
The battle between buyers and sellers continues to intensify, and BTC is approaching a critical juncture. Yesterday, buyers made an attempt to push the price above the 64K level but were met with resistance. Now, as the price retests 62K, hereâs what to expect:
đ” Short-Term Bullish Scenario: If BTC manages to hold its ground at 62K, we are likely to see a bounce that could fuel short-term growth to the 65-66K range. This would keep the bullish momentum alive as buyers regain control.
đ Bearish Scenario: However, if buyers fail to step in and BTC breaks below key supports, a medium-term decline could be on the horizon, with prices continuing within the descending channel. This would cancel out the scenario of growth towards 65-66K.
â ïž Key Support Zones: Donât expect BTC to drop below 62-60K without a fight. The support in this zone is strong and will require either time or a highly aggressive selling force to push prices lower.
đ Conclusion: Iâm cautiously optimistic about a bounce from the current level. However, if buyers donât regain momentum soon, a decline could be in play. Watch the blue-marked area on the chart closely for the most likely price movements.
Stay tuned and manage risk wisely!
đ Next Move Prediction:
Bounce to 65-66K or
Further decline within the descending channel if support breaks.
đ Keep an eye on these levels and be ready for either scenario!
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