Good morning everyone đ #BTC surged rapidly to $65,000 after breaking through the $59,000 resistance level.
In my previous analysis, I mentioned that Coinbase continued its buying activity, and with the $59,000 resistance breached, the market outlook turned positive. Additionally, ETF investors have also continued their buying spree this week. A net inflow of 8,400 BTC was recorded, equating to approximately $540 million in purchases. $BTC
According to the chart analysis, the $59,000 level stands out as a strong support. As long as this level holds, the positive outlook is expected to persist. There is a significant resistance zone between $71,000 and $73,000. If this resistance is broken, the price could reach new all-time highs.
On the other hand, if there is a pullback and the price falls below $59,000, there is potential for the price to retreat to $53,000 and then $49,000.
In this context, maintaining the $59,000 level is crucial, while breaking through the resistances could signal a continued upward trend.
