$BTC Sunday Update #55‼️ Really I'm sorry to say this, but this is what's coming next🥲
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As predicted in our last update, I mentioned that "Now, there's a possibility of a fake pump with volume pushing BTC towards $62.5k, If we hold the $58,500 support, another pump to $65,000 might be possible." and it has followed this expectation and perfectly hit $65000 yesterday night in future contract.
Now, there's a possibility of a a small correction BTC towards $62.5k, which could trigger some liquidations around $63.3k $62.5k . After that, BTC may pump again to $63k, $63.5k, and $65k.
We're observed some interesting price action as BTC is approaching a critical level. The price has made a strong push into the 4-hour Bearish Fair Value Gap (FVG) after sweeping liquidity at the previous highs. This area around 63.8k-64.8k) serves as a key resistance.
Two scenarios 👀 could play out here:
Chart👇: https://www.tradingview.com/x/YWq69Rd6
🟢 Scenario A: If the price rejects from this Bearish FVG, we might see a pullback towards the 4-hour Bullish FVG, which lies around the $63.5k and 62.3k-62.8k region. This area aligns well with the 50% and 61.8% Fibonacci retracement levels, making it a strong potential support zone. A bounce from here could set us up for another attempt to break the upper resistance levels to 65k.
🟢 Scenario B: On the flip side, if the price manages to consolidate above the 4-hour Bearish FVG, we could see a continued bullish push, possibly targeting the next major resistance around 65.6k. This would confirm the current bullish momentum and could trigger further upside movements.
🔴 In either case, keep an eye on the psychological level around 62k. A break below this level could invalidate the bullish outlook, leading to a deeper correction to $58300 even $57800🥲.
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