⚡️ **What's Next for Bitcoin?** ❓

📉 Today, #Bitcoin is experiencing a slight dip of around 3%. The price briefly tested below $67K, prompting weekend warriors to seize the opportunity for some buying action. Naturally, other #cryptos are feeling the effects too.

💡Yesterday, Bitcoin attempted to consolidate below the critical $68K level but fell short. Today marks attempt number 2️⃣. Additionally, a three crows pattern is visible on the 1D timeframe, with the 100MA on the 4h timeframe under scrutiny.

❓So, what lies ahead for #BTC? Is this the end of its growth? While the three crows pattern in technical analysis often signals a trend change, its recent accuracy has been questionable. Moreover, it's an oversold pattern typically followed by a green candle. Notably, after a similar pattern in late February, Bitcoin embarked on a strong upward movement. The 100MA on the 4h timeframe has also proven to be a reliable support level since early February.

📊The current outlook is somewhat ambiguous. On one hand, there are solid support levels and the opportunity to buy at a discount. Bitcoin has a tendency to fake breakdowns before rallying during its uptrend cycles. On the other hand, decreasing spot ETF inflows, rising inflation, and the relentless climb from $43K suggest a correction may be looming.

🤔A daily close below $68K could trigger further decline to levels around $65K and $59K-$60K. However, the absence of institutional traders on weekends and the potential for false breaks must be considered. Conversely, a daily close above $68K would signal bullish momentum, possibly leading to growth on Monday.

🙏As always, in crypto, there are no guarantees. It's prudent to periodically take profits and manage risks.

If you enjoy my content, likes and subscriptions are appreciated. Stay tuned for more engaging content!

Trade wisely,

Stay safe!

#DOGE #TradeandTell #Write2Earnc #HotTrends #HotTrends #pepe