🔔 After the retest of $63,900 $BTC as I mentioned earlier, we are now positioned on the $63,900 support. It is important that Bitcoin does not close a daily candle below it in order to witness the expected rebound in the coming days. The rebound targets have changed as a result of the early retest of $63,900, to be as follows:
🔹 Expected scenario:
🎯 First target: Bitcoin will soon visit the $74,500 level.
↘️ From there, it is expected to return to test the $67,500 level with the aim of liquidating the long contracts that will be opened from the current area.
🎯 Second target: After this scenario is realized and contracts are liquidated in the $67,000 range, Bitcoin will take off again to break the $74,500 level.
🔄 After that, we are expected to see a slight volatility, as resistance turns into support, and Bitcoin targets an upward move towards $93,000.
↘️ Quick Correction: From there, it will hit resistance causing it to bounce towards the $83,000 range in a 38% correction move.
🎯 Final Target: After rebounding from $83,000, Bitcoin may take off towards $107,000 areas.
🚨 If this scenario is fully realized, the analysis will be renewed. If there are any significant changes in the current movement, the analysis will be updated accordingly.
📝 Analysis Summary: This analysis is in line with the previous analysis on the large frame Click here in which the general movement of Bitcoin was determined. There is no need to update until we see a tangible change in the mentioned trends.
✨ Note: For those who follow me closely, they know that I follow the Bitcoin movement 90% accurately.
📆 See you in the next update! ❤️
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