đLONG: $BTC (1W)
Analysis:
Bitcoin is in a bullish trend on the weekly timeframe, currently trading around $59,500. Keep an eye on the $58,700 support level tonight. A bounce from this level signals potential upward momentum. We're seeing some bullish order blocks and the market sentiment is supporting a possible long position.
Price Targets:
The next target for this upward movement is $63,400. While this target is promising, expect a pullback once itâs reached. After the pullback, reassess for new entry points as the market continues to show strength and bullish momentum. Happy trading!
