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‼️ Analysis By Capo ‼️
$BTC - Current situation
Support zone: $67ks
Demand is being added here, so this level should hold and bullish continuation is expected (main scenario). If it doesn't, the next support would be 65k.
Regarding the Mt. Gox movements, they are sending the funds to a new wallet, for repayment preparation. It doesn't mean immediate repayments to users. Although there have been confirmations and some progress, the full repayment process extends until October 2024. So nothing to worry about (yet).
We are almost at verge of Bullish territory, bounce back is inevitable,
There are certain levels, historical as well as supply & demand based, which needs to fulfill before we go for some serious corrections, in easy words, if you are new or not understanding the market well, Market will make sure you get convinced on Bullish momentum until it got you with bearish divergence. Make sure you follwing me to stay ahead. #dyor
