Bitcoin analysis

The current analysis is on the weekly frame

According to the attached form

Perhaps the recent bounce from the area between $60,000 and $59,000 is the bounce that serves as the spark for the market as a whole to take off, thus confirming the positivity.

This was our statement in the previous analysis before falling to the $59,500 area for Bitcoin and bouncing directly from this area.

Indeed, Bitcoin fell to the support specified in milligrams, and Bitcoin rebounded to the price of $65,500, i.e. a rebound of more than $6,000, and profits were booked in Bitcoin by more than 300%.

We notice in the above model that Bitcoin rebounded to the 23 Fibonacci level, which is very strong as a reversal

It is expected that this resistance will fall from this resistance if Bitcoin closes below 65,500

As for the other scenario, if it breaks and closes above this resistance, then it will go directly to a new peak.

We will monitor the situation moment by moment to confirm whether the situation is rising or negative and notify you immediately

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