BTC update:

Date: 26/June/2024

Bitcoin continues to maintain the trend line in the 15-minute time frame. We are optimistic as long as we maintain this line. Once Bitcoin closes below this line in the 15-minute frame, we will see the 58700 - 59400 area as next support.

If we also look at the liquidation map, it clearly shows that there were liquidations up to 60,000 and then 64,000. So, we could see a move up to 59,400 and then a bounce from there. Also, the Chicago Mercantile Exchange (CME) has a gap in the 64,000 and 59,400 areas. Most likely, Bitcoin may fill the 59,400 area and then move higher.

What should I expect?

I expect a correction to the 59,400 area and then a bounce from there to the 64,000 area. Buy Bitcoin in the 59,400 area with the following objectives:

1. 70,000

2. 78,000

3. 84,000

You can follow this update after doing your own research.

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