Hello everyone ☀️
#Bitcoin quickly recovered from yesterday's drop, surpassing $65,000 once again. When the price was at $62,500, I shared that there were no spot sales and the drop was merely manipulation. Following this tweet, $BTC rebounded and rose by more than 5%. Currently, Coinbase continues its purchases, while #Binance remains flat. I had mentioned that with the $59k breakout, there was no resistance up to $66,000, which we have now reached.
The high volume of short liquidations in this area and its role as resistance suggest that a breakout might be challenging. For the uptrend to continue, breaking the $66-67k resistance channel, specifically closing above $67k, is crucial. If you bought at the $59k breakout following my analysis, you should now have over 10% profit. Those who missed the rise or prefer to avoid risk can take profit at this resistance and re-enter the market with a $67k breakout.
