BTC Rapidly Rises to 58.5k Sooner Than Expected

However, the 61,877 support level failed to hold, which makes me expect it to bounce off 60.911, possibly testing the 62.5k area, and then potentially falling further to around 59.6k. We hope that the 59.6k level can provide some stability.

If the 59.6k level fails to hold, we may see a rebound from the 57k area - either on a daily, weekly or monthly close - with the potential to push higher to retest the 69k area. This could set the stage for a breakout to new all-time highs, or conversely, a breakout to 535k. If we see a breakout below 55k before setting new highs, holding could yield a potential 2-3x return in October or November