I bring you a quick summary of what has been happening with Bitcoin in the last few days so you don't miss anything.
How things are going
After the scare that BTC gave us by dropping to touch 65,000 dollars, the market went into "wait and see" mode. Right now the price is fighting between 66,500 and 67,500 dollars. It feels like it wants to go up, but it still lacks a bit of strength.
What you need to know
The whales don't let go: There is an interesting fact: while many retailers got scared by the drop and sold, the whales (the big players) took the opportunity to buy more. This is usually a good sign that there is long-term confidence.
The mess from outside: It's not all the chart's fault. ETFs have had some money outflows, and the issue of interest rates and geopolitical messes have people a little afraid to take too many risks.
The spring is tightening: Technically, the price is getting tighter in a small range. When this happens, it's normal for Bitcoin to make a strong jump, either up or down, but volatility is coming.
Levels not to lose sight of
Supports: The key number is 65,000 dollars. If we lose that, get ready to look for 63,000 or 64,000 dollars.
Resistances: To make us happy again, we need to break 68,500 dollars with determination. If we pass that, 70,000 and 71,000 dollars are just around the corner.
In summary
Bitcoin is holding up in the mid-60k range. Although there is a lot of noise and noisy news, those who know are still accumulating. The key this week is to see if the buying volume appears to break the ceiling of 68,500.
How do you see it? Are we heading straight to 71k or do you think we need to drop to 60k to look for more gas before going up? I read you below so we can start the debate.
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