Hey guys.
This is a weekly update on bitcoin.
Last week expected bitcoin to join the stock market rally after the inflation data, but we stayed at the same prices, testing the local lows around 56K.
đ§šđ§šđ§šBinance is holding a contest for the best content creator, if you are interested in my content support me with your vote by clicking the appropriate button under my profile. Appreciate it.
Bitcoin continues to be pushed to 60K, the price has broken the downtrend, and returned above the 200 EMA, at the moment all eyes are on the continuation of growth and further breakout of the sideways, there may be some more local spills, but I do not expect strong corrections. The key support below which the price should not go below is at 56K.
The zone to watch out for is 61-62.5K, which is saturated with liquidations, in case the price catches it, it may lead to a mass closing of shorts and we may very quickly find ourselves at 65K.
If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.đ
Stay tuned.
