BTC Analysis 🐾🐾
Beginning of Correction?
Globally: Bitcoin is in an extremely interesting situation - the asset reached 65 thousand in the morning but failed to hold onto this level and began to demonstrate a corrective movement. What lies ahead - let's delve into it.
So, let's start with the fact that Bitcoin has hit a support block (62.5-63.5 thousand) which is preventing it from dropping further.
Will the block hold our asset?
I believe it will. Currently, it's important for Bitcoin to establish additional local support zones that will contribute to its future growth.
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Locally: I anticipate a minor spill as shown in the chart followed by subsequent growth.
Resistance: 65000, 73800
Supports: 62130, 56500
