Bitcoin is currently hovering around $62,850.
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
Nota
I'm anticipating that next week is going to be a big drop (due to the 4th Bitcoin Halving and Bitcoin ETF heavy outflow), probably $57,000 to $55,000 (also might be $51,000) or
if this B. halving brings positivity, it will bounce from here to $65,500 and more upward.
Nota
Within a 4-hour timeframe, Bitcoin encountered a resistance level of $65,500 as previously mentioned.On a daily timeframe, a closing price above $65,500 is necessary for Bitcoin to reach the range of $67,700 to $70,000 potentially.
Nota
In the weekly timeframe, it is crucial for Bitcoin price to close above the $64,200 level to maintain its current momentum. Failing to do so could lead to a significant decline.On the other hand, a sustained close above $67,500 would signal a continuation of bullish momentum.
Nota
In the weekly & Monthly timeframe charts, Bitcoin price shows a decline could you be playing the $60k - $50k areaNota
In a daily timeframe - the price could fall to $60,814
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.