LIVE🚨🚨Bitcoin Update 🚨🚨
For those looking for an entry opportunity in Bitcoin, from my perspective, there is a significant chance of witnessing a minor correction in the Bitcoin price from this moment and during the early phase of the week’s candlestick formation. We may see the price in the range of $62,570 - $63,000. I believe it could be a good chance to take a long position from this zone. However, before executing the trade, if we observe Bitcoin in this range, it is advisable to exercise patience and look for a strong rejection and a good bounce back from this price level without any breach. Therefore, be cautious before entering the trade and allow yourself some time to observe how the price reacts in this area.
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LIVEAs of the latest chart analysis, Bitcoin’s price has entered a consolidation phase after breaking through the resistance line. This is a natural market behavior following a significant surge, where we observed an increase of 5,548 points (from 59,000 to 64,548) from yesterday to today.
Such price accumulation after a sharp rise is expected. Currently, our focus is on maintaining the price at this level, with a crucial aim for today’s candle to close above 63,226. This would confirm the upward trend and solidify the breakout.
Looking ahead, should this scenario hold true, we anticipate a retest of the following resistance zones: 66,800, 71,107, and 84,000 in succession.
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$BTC
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