๐๐๐ Bitcoin urgent urgent very urgent update 58k or 70k??
๐So everyone of you is finding the next direction of btc that will it dump below 60k or go to 70k or it will stay in range of 60k to 70k
๐Market history
๐FIRST of all due to etf market pumped to above 60k but when many people saw btc going so up a large number of buyers comes and btc instead of staying near its original value 60k pumped to 74k in simple words btc was overbought
๐It needs a correction because it was continuously losing its power above 70k so it dumped from 74k to near 60k area where its original value lies
๐ Current update
๐If you think market is recovered then you are wrong the pump you are seeing its just due to weekly closing bulls trying to give good weekly candle closing
๐The chanes of recovery will be high if it give closing above 68500 or 69k because 68k to 69k area is giving resistance
๐2 failed attempt to break this area
๐ Looking bearish on weekly time frame
๐So inshort this pump is temporary due to weekly closing if weekly candle closed above 68500 area or near then chances of soon recovery otherwise same like last 2 week pump or dump or even 58k
๐Currently btc settling down things after pump like price correction and retesting supports
๐ Don't forget to give tips and like post if you like my analysis and updates
