$BTC next move is upward towards 66.8k support which has turned into resistance. If the 24h candle closes as a doji, we only need to look at tomorrows candle to confirm a retest. If the next candle is green and trading volume is high, its a confirmed retest.

It remains to be seen if the retests is successful or not. If it is, we can expect a return to 69k by the end of the month or maybe even sooner. A fail however would mean a continuing all to 58k and possibly 52k levels before a recovery.

I remain optimistic however that the rebound will happen now from the 62k support. Here's why:

The oscillators are a mix between neutral and oversold. The market drop was mostly attributed to a likely conflict ignited by the Iran attack on Israel, but for now this conflict seems concluded and no further escalations of tensions are going to happen. During the initial plummet from 70k to 66k, a couple whales have made huge purchases taking advantage of the "discount". Those can be seen very clearly on the 5m candlestick chart. I expect more whales to take advantage of the current prices and accumulate more. If that is not enough, i suspect the halving supply shock by Friday will give BTC a pump, exaggerated by the hype. #bitcoinhalving #BTCHalvingApril2024 #BTC🔥🔥🔥🔥🔥🔥