Course forecast #Bitcoin ( $BTC )

Analysis and Forecast:

Current price:

Bitcoin is trading at $67,550 with a correction of -2.90% over the last 24 hours.

Support and Resistance:

Key support levels: $65,298 and $63,461 (indicated by green arrows). These levels can act as zones where the price finds support and stops the decline. Key resistance levels: $71,166 and $74,446 (indicated by orange lines). A break through these levels could open the way for further price growth.

Fibonacci corrections:

Major Fibonacci levels: 0.5 ($63,763) and 0.618 ($62,309) represent important correction levels where the price may find support if the downward movement continues.

Trend Lines:

A downtrend line (indicated by a red arrow) intersecting with an uptrend line (indicated by a black arrow) can signal a possible continuation of the downtrend if the price does not hold above these levels.

Indicators and Oscillators:

The RSI indicator shows that the price is in an area close to oversold, which may signal a possible reversal in the near future. Moving Averages indicate the possibility of price stabilization around current levels.

Trading volumes:

Trading volumes on the chart indicate that there is significant activity, especially in the support zone, which may indicate that the bulls are trying to keep the price above $65,000.

Forecast:

Bullish scenario: If the price successfully holds above $65,000, an upward movement to the levels of $71,166 and $74,446 is possible. A breakout of these levels could open the way to targets at $80,000 and above. Bearish Scenario: In the event of a downside breakout of the $65,000 and $63,461 levels, a decline to lower support levels around $60,000 and $57,000 is likely.

Conclusion:

The situation on the chart indicates an important decision point for the market. Maintaining key support levels will be critical to continued growth. While a downside breakout could strengthen bearish sentiment and lead to further declines.