#BTCUpdate 🚀

- BTC just bounced from $52,500, could head towards $62,000 - $65,000! 📈

- However, BTC is still in a long-term downtrend, needs to close the week above $65,000 to reverse.

- Smart traders are taking advantage of buying lows and selling highs according to Fibonacci.

- Bollinger Bands and 200-day MA show strong resistance at $62,000 - $63,000.

Spot demand is not strong enough to sustain the rally.

What do you think about this trend? Share your thoughts! 💬#Crypto#Bitcoin#BTC#Blockchain