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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