๐๐ ๐ Bitcoin Analysis: BTC at $62K โ A Generational Bottom? ๐
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. ๐๐น
$BTC
#Write2Earn!
Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.
Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.
Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.
Critical Support: The 200-day EMA at $59,558 is the last line of defense.
Stay cautious and informed.
This could be a generational bottom, but risk management is essential. ๐๐น
$BTC
#Write2Earn!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
BTC
95,200.15
+0.70%
Replies 2