#SpeakingTechnically
🚨 Bitcoin Update:
60K is a super strong support level for Bitcoin, acting like a psychological wall 🧠, Historically, the 200 EMA has always been a reliable shield 🛡 at 60K.
However, since June, Bitcoin has been sliding down in a bearish channel 🔻, Moving lower day by day.
Its momentum has slowed down 📉 in Q2 and Q3 compared to Q1.
If Bitcoin breaks out of its downward channel💰, that’s the signal to start buying! the price could zoom up 🚀 with targets 🎯 at 66k, 68.5k, and even 72k.
If this 60K wall breaks, Bitcoin might dip even lower⚠, testing new levels like 58K, 54K, and maybe even 48K!