đBitcoin's Journey to $70,000: Technical Analysis and Key Levels to Watchđ€ŻâŒâŒ
ââHow are you guys? After a while, they brought a $BTC update. You can see how the updates I have given you so far worked in the same way in my last week's update. So BTC was pumped to the 65k level. Why didn't it pump continuously from here on, will there be a dump again, you can solve your problems with this update.
đžSo if we turn to the 4 hour chart, we can see that there has been a continuous big pump until BTC reaches $65,000 by braking the IMB area at $60,600. So why was the pump a little slow from here? You may remember the 4 hour bearish order block I marked here earlier. So this order block is the only area that can be done if BTC is turned again. So, in this area, BTC has been pumped until the middle. A small rejection may be given here. Be careful about the 66,500$ area. If the rejection is given here, BTC will definitely fall back to $60,000. Of course, BTC Dominance is in a down trend at the moment, so don't go for short entry. Because if there is a BTC.D big dump, a big pump can go to the BTC road. If that happens, this bearish order block will be braked. In any case, we have more bullish confirmations at this time, so those who are long should hold.
đž If you take the 1 day chart, there is a lot of Thai BTC at the support line of the bullish pennant pattern. So this is a good confirmation for us on the bull side. This line on the 1 day chart means that if you brake at $67,800, the next stop for BTC is $70,000. Everyone should hold long trade then.
đ All charts related to this update are down. I'm really sorry for not being able to update continuously. From today, I will continue to give updates to every coin. If you want updates about the coins, please comment below. Have a nice day everyone.
