Bitcoin continues to trade within the support range of $65,200–$66,800 and the resistance zone of $70,900–$72,700.
We can almost observe in real-time how the market reacts to this support level, which will likely dictate the asset's next direction.
If buyers cannot sustain the price above the crucial psychological level of $65,000, the coin may decline to the zones of $62,500–$63,500 and $60,880.
However, such a drop should not be interpreted as the beginning of a trend reversal but rather as a correction within an overarching upward trend.
For continued growth and to reach new highs, Bitcoin needs to break through the $70,900–$72,700 zone on significant trading volumes.
Until this occurs, we can expect the market to remain flat for several more weeks.
https://preview.redd.it/q064t8r5oc7d1.png?width=2939&format=png&auto=webp&s=83094af3fbfbf91707c707f82eadaf3080c814db submitted by /u/Crypto_1222
[link] [comments]
http://dlvr.it/T8Vc0Q
We can almost observe in real-time how the market reacts to this support level, which will likely dictate the asset's next direction.
If buyers cannot sustain the price above the crucial psychological level of $65,000, the coin may decline to the zones of $62,500–$63,500 and $60,880.
However, such a drop should not be interpreted as the beginning of a trend reversal but rather as a correction within an overarching upward trend.
For continued growth and to reach new highs, Bitcoin needs to break through the $70,900–$72,700 zone on significant trading volumes.
Until this occurs, we can expect the market to remain flat for several more weeks.
https://preview.redd.it/q064t8r5oc7d1.png?width=2939&format=png&auto=webp&s=83094af3fbfbf91707c707f82eadaf3080c814db submitted by /u/Crypto_1222
[link] [comments]
http://dlvr.it/T8Vc0Q
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