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🪙#BITCOIN : We are 3 days away from another weekly close on BTC, and my-oh-my, what a week it has been. BTC has surpassed the previous targets of $44k & $50k, and currently, it is testing the $52k range. By far, BTC has managed to reach $52.8k, close to the tip of the resistance level ($53k). What's next? Are we going to see BTC at $60k? Well, it would be no surprise to see BTC at $60k, but first, it has to break out the current resistance, meaning BTC must close above the $52k-$53k resistance either on the daily or weekly chart. Unless we see this happening, there are chances of rejection/correction in BTC. The RSI is hovering at the overbought zone, which itself is a red alert, and the fear & greed index has been in greed for the last 30 days.
It is always good to keep positive thinking, but a little prevention for the negative impact is way better. More updates on BTC will flow in once we see any changes in the price.
#BTC is now trading around 48k. Bitcoin is getting pumped up and testing the 0.618fib level as we had predicted. So the Possible scenarios are If the price pumps up and breaks out the 0.618 Fib level, then we can see bullish momentum in it. Otherwise If the price rejects from here then we can see some bearish momentum in it. Stay tuned with us for further updates✅ #Write2Earn #TrendingTopic