Good morning, let’s talk about Bitcoin.
Yesterday, Bitcoin bulls tried to push the price above the moving averages,
but the bears held their ground.
The bears will try to strengthen their positions and push the Bitcoin pair down to the critical support level of 557.
This level is likely to attract heavy buying from the bulls.
If the price rebounds from 557,
the bulls will once again try to push the Bitcoin pair above the moving averages.
If they succeed, Bitcoin could start a rally to $70,000.
The bears are expected to strongly defend the area between $70,000 and $73,777.
On the downside, a breakout and close below $55,724 could signal the start of a deep correction. The Bitcoin pair could then drop to $49,000.
I firmly believe that the market will start a new round of rise!
If you like spot, you can keep up
I see you in the comments below...
