Update about $BTC 🚨
BTC is currently trading at about $63,400. BTC faced a strong rejection at about $67,000 and failed to cross $68,000, which is an important area to cross, as I mentioned before. Now whats the next move?.........
BTC is now trading in an area between around $60,000-$68,000.Still, both of these areas are important to see for further market moves. As of now, BTC has failed to cross $68,000; it remains in a bearish trend, and we may see more dumps. If BTC successfully breaks its strong support area, then we can see BTC at $56–58k. Only in cases of bad market conditions or news do we see more dump than this, but I’ll expect a good bounce back from this area.
BTC is now facing continuous rejection at about $64,000, which is an important resistance area for BTC to break. If BTC successfully crosses $65,000 and also $68,000, then we will see overall good moves in the market.
Note: The market can show any fake pump and dump because of some news today, so market can move in any direction and not any short-term analysis will work,I will suggest you avoid leveraged trades or trades with enough funds and proper risk management.