What does the future hold for bitcoin?
BTC successfully retested from around $62,600. and it goes back, what is the next step?
BTC is currently trading at around $63,700.
So here are the possible scenarios for BTC, according to my analysis.
First, overall, the BTC bearish trend is not over yet. We may see BTC in the $57-58k zone or even lower if BTC successfully breaks its support area of around $60,500.
Second, BTC may face rejection from the $65,300-700 area if it continues its uptrend for a few hours. Now, the $68,000 zone is a very strong resistance for BTC and it continually faces rejection from that zone. It is still unexpected what will happen at the bitcoin halving but we can speculate about what will happen in the coming days
