BITCOIN chart update !!
1D timeframe: The daily chart shows a broad downward trendline forming resistance around $64,000. There is also a projection going downwards to the $51,000-$52,000 support area, which aligns with the green trendline on the chart. This suggests that after this resistance, Bitcoin could experience a more significant correction towards lower support levels.
These are possible scenarios based on existing technical patterns. Markets can behave differently depending on macroeconomic factors and other events, so it is important to stay updated.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
These are possible scenarios based on existing technical patterns. Markets can behave differently depending on macroeconomic factors and other events, so it is important to stay updated.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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