Bitcoin is currently trading in a resistance zone, which is also a bearish order block on the daily, weekly, and 4-hour timeframes. There is a possibility of a drop from this level. The mid-range of the descending channel is becoming a strong support zone, as it lines up with the neckline of the inverse head and shoulders pattern and an important support/resistance level. This zone is around $61,500.
When Bitcoin reaches the $61,500 area, Iâll look for signs of a reversal on the 1-hour or 30-minute timeframes. If I see confirmation, Iâll consider buying from that level.#Write2Earn! #BTCâ #Write2Earn! #bitcoinâïž #Write2Earn!
