BTC Chances of Touching $64,000:

• Technical Support: The EMA (99) at approximately $64,013.60 serves as a strong technical support level. Given the current bearish momentum, it is plausible that the price might test this level.

• Oversold Indicators: The oversold conditions could lead to a temporary rebound, but if bearish sentiment persists, the support level around $64,000 could still be tested.

Probability Assessment:

• High Probability: Given the current bearish momentum and the fact that the EMA (99) is at $64,013.60, there is a significant chance that the price might touch or test the $64,000 level.

• Counter-indication: However, the oversold conditions could lead to a short-term rebound before reaching $64,000.

Conclusion:

While it is likely that BTC/USDT could test the $64,000 support level due to the ongoing bearish momentum, the oversold conditions in various indicators suggest a possible short-term rebound or consolidation. Traders should closely monitor the price action around the EMA (99) and use appropriate risk management strategies.

It would be prudent to wait for additional confirmation from price action and indicators before making a trading decision.#BTC☀ $BTC