Will BTC drop below $60,000❓
Bitcoin failed to break the upper boundary of the long-term bullish flag, and the price has moved slightly lower.
Note that the price is following the scenario outlined in our previous review – sellers managed to fill the imbalance and even test liquidity to the downside.
📊 At the moment, the price is squeezed between two POIs, which are formed by strong order blocks. Considering the upcoming weekend, we may see #BTC consolidating within this range for couple days.
A short-term dip to around $59,300 is possible, but I don’t expect sellers to sustain a daily close below $60,000. Key levels of support are holding firm.
👨💻 I continue to stick to my forecast – next week will be a week of growth in the market. I've already written about the factors several times. So, I’m using this correction to increase my position in $BTC and $BNB
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