đš BTC Update: Key Levels to Watch for Bitcoinâs Next Move!đ
As the weekend wrapped up with BTC holding steady around $63K, the market remains in a neutral position, with Fridayâs close showing minimal changes. Currently, growth seems to be slowing, raising questions about the market's direction. Hereâs what to keep an eye on:
Current Statusâïž:
- Price Range: BTC is trading around $63K.
- Market Sentiment: Momentum has stalled, possibly due to reduced buying pressure or BTC nearing the top of a short-term descending channel.
What to Expect Next đ:
âïž Key Confirmations:
1. If Growth Resumes:
- A bullish Monday could see BTC pushing toward $65K, with an optimistic target of $66K.
2. If the Market Pulls Back:
- A downturn might lead BTC to the $60K level, with a possible drop to $57K - $58K, aligning with the 61.8% Fibonacci retracement and the lower boundary of the descending channel.#cryptouniverseofficial! #bitcoin