Bitcoin Price Prediction: Key Levels and Support Zones

Bitcoin reached $59K! Last time we discussed the potential levels $BTC could hit if a dump occurred, and we said that any news could trigger a market sell-off. Both of these scenarios happened, but we're still within the predicted range.

I'm closely watching $BTC to see if it will generate significant buy volume in this area. The 200MA is currently at $59.5K, so we have two potential signals that could push the market higher again. However, if the price closes below the 200MA, it would indicate a death cross, which is a long-term bearish signal.

Currently, I'm targeting a BTC price of $54.2K to $53.3K. In a worst-case scenario, it could sweep the gap at $52.8K to $51.4K or even $48.4K.

Possible buy levels for $BTC:

$54.2K - $53.2K (Fibonacci level)
$52.8K - $51.4K (Fair Value Gap)
$48.4K (Liq)

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