🔥💥Bull signal from Bitcoin: A strong start to the new week!
#Bitcoin which had been dangling up to 60 thousand 500 dollars due to the Israel-Iran tensions, quickly recovered and left behind 66 thousand dollars.
Cryptocurrencies, which have been trending down in recent days due to the geopolitical chaos environment, have shown signs of recovery. Critical developments from the Israeli-Iranian tensions had pushed the Bitcoin price up to $ 60,500. Later, when things settled down a little bit, Bitcoin started to move up. Can the pioneer of cryptocurrencies, which has made a bombshell entry into the new week, continue its rise? Which levels are important to monitor for BTC?
There is no need to leave caution out of hand in Bitcoin!
Bitcoin, which has been pricing in a downward direction since $ 71,500, has not yet ended the dangers, no matter how well it has been progressing over a large period of time. The decrease in halving enthusiasm and the escalation of the Israeli-Iranian conflict have had a devastating effect on cryptocurrencies. This devastating effect does not seem to be overcome in a short time. In a possible negative news, we may see loaded sales in BTC again. Therefore, it will be useful to pay attention to volatility, especially during this process.
Bitcoin may want to test $71,289 and $73,684, respectively, if it breaks $67,613. With the breaking of the ATH, a completely different bull run will be on the table. In such a scenario, the news flow and halving effect should be taken into account. If geopolitical problems continue, the decline in #BTC may continue. In this case, as the level of support, respectively 64.692 – 62.080 – 60.810 and $59,024 must be monitored.
