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#Market_Update Bitcoin is currently facing a tough resistance at $69,200, the all-time high from 2021. So far, we havenāt seen a 4-hour close above this level, and the recent price action indicates a rejection. As we look forward to the Monday range, here are the key levels to watch: Support: $68,000. This level needs to hold for a bullish outlook to remain intact.If $68,000 Fails: Look for a retest around $66,500.If we can achieve a 4-hour close above $69,200, we could see a quick move towards the all-time high again. Overall, the next few hours will be crucial in determining Bitcoin's short-term direction
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#Marketupdates $BTC has established solid 4-hour support at $66.8k. The most recent 4-hour candle closed above the $67.8k resistance for the first time, which was a key level weāve been monitoring. The current 4-hour candle is critical in determining whether this is merely a deviation (if it closes back under $67.8k) or a confirmed breakout aiming for a move up towards $69.2k. $66.8k and below is my primary area of interest for any potential retest. Traders should keep a close eye on these levels to gauge the next steps in the market. #CashStrategy #TraderAlert
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#Marketupdate #Bitcoinā made a significant move yesterday, breaking through the critical resistance level at $66.4K, which corresponds to both Monday's high and the previous month's high. Following this breakout, we've already seen a retest of this level with a positive reaction, indicating bullish momentum. There's potential for Bitcoin to push towards the all-time high of $69K from 2021. The weekly chart presents a favorable outlook, suggesting a possible breakout from a seven-month downtrend. Should there be any corrections today, the mid-$65K area will be an important support level to monitor. Overall, the current technical indicators and price action are encouraging for Bitcoin's upward trajectory.
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