🚨🛑For Beginners..
How far will the correction go in Bitcoin??
Possible Points..
If Bitcoin closes the daily candle around 66200, this means that it is just testing the previous top, and from there it will continue to rise. If it closes below 66200, the other support is at 64200, and the next one is 62k..
The bulls are buying a large amount of BTC around 66200, and placing more buy orders around 66300 and 66000. I believe they will defend this area with very strong massive purchases..
I don't believe in 44, 35k BTC, as they are saying.. There is not enough selling force to take Bitcoin to these levels..
Who is in altcoins and is in the red today, and why Bitcoin dominance is high. But if you are not very leveraged, just wait, Bitcoin will soon reach its peak, as the elections are approaching, another interest rate cut, and the end of the year is approaching.
Bitcoin is weak today, because the dollar is rising too much. I believe it will soon fall, because it will not be able to sustain highs for long.
Good luck to all, we will continue to monitor. 👀
