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Bitcoin
is currently consolidating above the support level, and we might experience further sideways movement. Let's observe price action over the next 2-3 days.
$BTC
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SCR Analysis : SCR recently got listed in binance and currently reacting from the support zone of $1.20 -$1.22 and also getting into the channel again. Price looking bit unclear and buy looks good after the $1.32 get H4 closure. $SCR
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Price is currently trading in a sideways pattern, and this movement may continue over the weekend. There have been no significant changes in Bitcoin, and a clear direction has not yet emerged. $BTC
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Bitcoin is continuing its upward movement and has tested the resistance area. However, there was a sharp rejection at the resistance area, leading to traders taking profits. This correction is considered healthy and we may expect some sideways movement now. Support Area: $59,500-$60,000 Resistance Area: $64,500-$65,000
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Bitcoin has failed to hold the support area and is now trading below it. If the price is unable to reclaim the support area, we may see a continuation of the downtrend. Please use tight stop loss in all open trades. Support Area: $56,500-$57,000 Resistance Area: $60,000-$60,500
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Bitcoin is experiencing a downward trend but is currently maintaining support. There is no need to panic as BTC is holding its support. Let's observe how the price behaves in the upcoming weeks.
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