Bitcoin has failed to hold the support area and is now trading below it. If the price is unable to reclaim the support area, we may see a continuation of the downtrend. Please use tight stop loss in all open trades.

Support Area: $56,500-$57,000

Resistance Area: $60,000-$60,500

Bitcoin is experiencing a downward trend but is currently maintaining support. There is no need to panic as BTC is holding its support. Let's observe how the price behaves in the upcoming weeks.

Bitcoin is currently trading sideways, but we anticipate a move towards the $65,000 resistance area. The US market is displaying positive movement, and we expect a similar trend in BTC.

Bitcoin began the week with a strong upward movement. The price bounced after testing the support area and is now heading towards the resistance zone. Whether the upward movement continues or not will be determined by the US market opening. Let's observe how the price reacts.

Bitcoin is still trading sideways with no market changes. The support level is $60,000, and the market remains above it. Potential movement is expected on Monday with the opening of global markets.

$BTC

Bitcoin dropped to the support area and bounced from there. As expected, BTC is moving sideways at the support area. Less volatility is expected over the weekend.

$BTC

Bitcoin is currently consolidating above the support level, and we might experience further sideways movement. Let's observe price action over the next 2-3 days.

$BTC

The altcoin market cap (TOTAL2) dropped to the expected support area and attracted liquidity. The price instantly bounced from the support area, and altcoins showed positive growth despite BTC dropping. This could signal that it has bottomed out, and we may see a good rally in the coming days. Hoping you have accumulated good coins for the bull season.

$BTC $ETH $BNB

Bitcoin was able to close the daily candle above the $60,000 support level, which is a good sign. There might be some accumulation around the support area before the next move. The market will only turn bearish after a break and close below the $60,000 level.

$BTC

LTC analysis:

Price is currently attempting to hold the support area. LTC must close the daily candle above the support area, or we may witness a heavy sell-off. You can consider opening a small long position at the support area with a tight stop loss below the $70 level.

Support Area: $73-$75

Resistance Area: $82-$83.5

$LTC

Bitcoin is currently testing a key support area and it needs to hold this level. If the support is broken, it may lead to further selling in the market, potentially pushing the price down towards the $60,000 level. It is advised to maintain tight stop-loss orders in all open positions.

$BTC

VANRY bounced from the support area as expected. If you have opened a long position, increase your stop loss to the breakeven point. The support and resistance levels remain the same.

$VANRY

Bitcoin is holding strong at the support area and has bounced back. This is a promising sign, and we could see a move towards the $67,000 mark soon.

$BTC

CAKE analysis:

The price has broken through a significant support area and is currently testing it again. If the price is unable to reclaim this level, we may see a move towards the next support area. It's advisable to wait for some time if you are planning to open new long positions.

Support Area: $1.76-$1.94

Resistance Area: $2.37-$2.54

$CAKE

Bitcoin has just dropped below a crucial support level, triggering the liquidation of over-leveraged positions. However, the price is rebounding from this support area. Bitcoin's stability relies on it maintaining this support level. If it falls below $64,500, it could decline towards the $59,000-$60,000 range.

$BTC

Bitcoin has once again dropped to the support area and is currently holding this level. The testing of the support area is positive, and we may anticipate some sideways movement around the support area. This could potentially represent the final dip before the next significant movement.

$BTC

$ARKM analysis:

Price is currently testing a major support area and needs to hold this level. If the candle closes above the support level, then we may see some bounce from here. If you are opening a long position, then use a tight stop loss.

Support Area: $1.70-$1.80

Resistance Area: $2.15-$2.30

$CKB is unable to break above the resistance area, and the price is now heading towards the support area. This is a no-trade zone, and waiting for a test of the support area for new entries is better.

$JUP
tested the support area and is now bouncing from there. If you have opened long positions, increase your stop loss below the support area. We may see a move towards the resistance area in the coming days.

Resistance Area: $1.14-$1.23

Bitcoin is moving sideways as expected. Some action may occur when global markets open. The first resistance is $67,000; a break above this will open the gates to the $69,000-$70,000 level.

$BTC