📉📉 📉 Bitcoin Analysis: BTC at $62K – A Generational Bottom? 📉
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. 🚀💹
🛑🛑🛑 Hey traders why you not following me and liking my posts
As predicted BTC is now at around $61k.4k around.
Stay Updated , hope u enjoyed the profit.
Will be updating Soon!
$BTC
LIVE
Ma_trader
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Em Baixa
📉📉 📉 Bitcoin Analysis: BTC at $62K – A Generational Bottom? 📉
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. 🚀💹
📉📉 📉 Bitcoin Analysis: BTC at $62K – A Generational Bottom? 📉
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. 🚀💹
Day chart showing it will be touching 58k levels in a week.
4 Hr timeframe showing bullish trends.
Just keep in mind that mainly it will go down according to me, But still I am taking long at extreme selling area and when market pull back up a bit I book's up my profit.
Stay Updated , Maybe I will soon post any signal if I saw something....
This is weekly chart analysis. $BTC 🛑🛑🛑 Many of you are thinking by the end of next month BTC going to hit 100k Soon,
While you should remember that BTC many times went from 60-70k levels to 15-45k Levels.
Remember Market always do something unexpected at the unexpected time.
So, this is a warning for you guyz.
I am not saying that it's going to $45k Soon, but it trying to say that take short position at peaks, this is to let you know the next prediction of BTC for long time investor's .
When BTC went from 69k to 15k what could happened there. Most of the people would never thought it will go from $69k to 15k never.
Unexpected right ?
And it's not nesseary that it will dump.
Maybe, this time it's going to clear shorts, so most likely it can touch 90k-100k levels by the end of year.
And it's possible after hitting this it may go down to 60k levels,
Predictions are endless.... specially when we are doing long term analysis.
Stay Updated and follow me . I will be going to take long Position on BTC soon, at 64-65k if support does not breaks.