Bitcoin analysis
The current analysis is on the weekly frame
According to the attached form
Perhaps the recent bounce from the area between $60,000 and $59,000 is the bounce that serves as the spark for the market as a whole to take off, thus confirming the positivity.
This was our statement in the previous analysis before falling to the $59,500 area for Bitcoin and bouncing directly from this area.
Indeed, Bitcoin fell to the support specified in milligrams, and Bitcoin rebounded to the price of $65,500, i.e. a rebound of more than $6,000, and profits were booked in Bitcoin by more than 300%.
We notice in the above model that Bitcoin rebounded to the 23 Fibonacci level, which is very strong as a reversal
It is expected that this resistance will fall from this resistance if Bitcoin closes below 65,500
As for the other scenario, if it breaks and closes above this resistance, then it will go directly to a new peak.
We will monitor the situation moment by moment to confirm whether the situation is rising or negative and notify you immediately
Your support and interaction on our publications is very important for the continued publication of upcoming analyzes of Bitcoin and recordings explaining the market situation
This doesn't cost you much
Support and benefit
Good luck, God willing
$BTC #Binance #bitcoin #