Bitcoin analysis

According to the attached drawing

It is clear that there is great weakness in the market and the inability to penetrate the $71,000 area. Whenever it approaches it, it moves downward, and we see a drop to the $68,000 areas. If this weakness continues, our next stop will be $65,000 for Bitcoin.

However

However, the market's movement above $66,000 makes us safe, and the rise is closer to reaching than the fall

The worst scenario is reaching the 64 area, as shown in the drawing, and there will be a strong rebound that exceeds the historical peak of Bitcoin.

The best scenario is a rebound from the current area and a direct penetration of the $71,500 area for Bitcoin

Personal opinion

We must be cautious as long as there are no positive signs in the market and weakness is clear in general

But alternative currencies are trying to break through soon and break out of the current support

$BTC #EarnFreeCrypto2024 #bitcoin #BTC #

Good luck, God willing