#marketupdate"
$BTC Reacts to #MtGox Exchange's $9.5B Transaction
#bitcoin☀️ has encountered significant turbulence following news of MtGox exchange's movement of $9.5 billion worth of #BTC☀ today.
Key levels on the 4-hour chart have been compromised, with attention now focused on reclaiming the Monday Low at $68,200 for potential upward #momentum . Failure to do so by the end of the current candle could potentially lead to a downturn towards the $65k range lows. The Monday Range this week stands between $68,200 and $70,700, marking critical zones for monitoring amidst the ongoing market volatility.
Thankyou.
LIVETMC
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#Market_Update
$BTC is hovering around the $69.2k mark, its 2021 #AllTimeHigh. Although it's seen some 4-hour closes above this level, the weekend's low #Volume has led to rejection from the 4-hour supply, as depicted in the chart.
It's crucial to monitor this level closely, especially as we approach the weekly close. However, if weakness persists, there's a possibility of a retest towards the lower $68k range, particularly the DM VAH area.
Zoom linked #graph for good Entry. 👇
$BTC is hovering around the $69.2k mark, its 2021 #AllTimeHigh. Although it's seen some 4-hour closes above this level, the weekend's low #Volume has led to rejection from the 4-hour supply, as depicted in the chart.
It's crucial to monitor this level closely, especially as we approach the weekly close. However, if weakness persists, there's a possibility of a retest towards the lower $68k range, particularly the DM VAH area.
Zoom linked #graph for good Entry. 👇
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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