*Bitcoin Buying Levels to Watch*
Crypto analysts have identified key Bitcoin buying levels, taking into account the cryptocurrency's recent price movements and overarching wave patterns ¹. Here are some key levels to watch:
- *$61,800 - $62,300*: This support area is crucial, as a break below $61,800 could lead to a further decline to test the 2.618 Fibonacci extension at $56,800.#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #
- *$66,745*: This price point has acted as a resistance level for Bitcoin, and overcoming it could signal a potential price increase.
- *$69,885*: The Value Area High (VAH) around this mark has historically acted as a resistance, making it a key level to watch.
Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly ². Always do your own research and consider multiple sources before making any investment decisions.$BTC