$BTC price analysis.......🚀🚀🚀

Bitcoin’s recovery has reached the 20-day exponential moving average ($65,850), an important level to keep an eye on.

#BTC/USDT daily chart. If the price turns down sharply from the moving averages, it will signal that bears are selling on rallies. That could result in a retest of the $60,775 to $59,600 support zone. Buyers are expected to defend this zone with all their might because a breakdown could accelerate selling. The BTC/USDT pair may then plummet to the 61.8% Fibonacci retracement level of $54,298.
Contrarily, if the price breaks above the moving averages, it will suggest that the pair may swing between $60,775 and $73,777 for some more time. The bulls will have to drive the price above the overhead resistance to open the doors for a rally to $84,000.

BTC/USDT 4-hour chart.
The moving averages have completed a bullish crossover on the 4-hour chart, suggesting that the bulls have the edge in the near term. The pair could face resistance between $67,000 and $68,000, but if this zone is cleared, the next stop may be $71,000.
This optimistic view will be negated if the price turns down and breaks below the moving averages. That could signal aggressive selling on rallies. The pair may slide to $63,000 and subsequently to $60,775.

#bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 #BTCUSDT