#Bitcoin - Buckle Up for a Weekly Breakout!
#BTC faces a critical weekly close after a 125-day consolidation breakdown!
This breakout often leads to a significant price MOVE
in the breakout direction.
Two Possible Scenarios:
Reclaim $60,000 by the weekly close: This dump could be a fakeout, sending the price soaring back to the $70,000+ range!
Close below $60,000: This could lead to a revisit of the mid-range support ($44,233) before any potential upswing.
Current Bias: Slightly bearish as we sit below $60,000.
But Remember: If Bitcoin reclaims $60,000, $70,000+ could be on the horizon!
What scenario are you betting on?
Let's discuss in the comments!
This is not financial advice.
