BTC 7-Day Prediction: 70K - 80K Range Continues #Predictions Every market has two sides, so here’s my take on Bitcoin for the next week.
Bullish Case:
BTC has been holding strong support in the 77K, 78K, 79K, 80K range for the past 1 month. After recovering from 62K, it is now holding strong. Buyers are active on dips, so the chance of a big correction is low.
Bearish Case / Resistance:
I do not see a big breakout above $81K right now. There is a lot of sell pressure at that level.
Also, a drop to $65K looks unlikely because buyers keep buying the dip above $70K.
My Take:
My prediction is BTC will keep trading between $70K to $80K/$81K for the next 7 days.
- If it goes up, $81K will act as rejection
- If it goes down, $70K will act as support
So this is a range trading period. For a big move we need to see a break above $81K or a breakdown below $70K.
DYOR. This is not financial advice.$BTC
Bullish Case:
BTC has been holding strong support in the 77K, 78K, 79K, 80K range for the past 1 month. After recovering from 62K, it is now holding strong. Buyers are active on dips, so the chance of a big correction is low.
Bearish Case / Resistance:
I do not see a big breakout above $81K right now. There is a lot of sell pressure at that level.
Also, a drop to $65K looks unlikely because buyers keep buying the dip above $70K.
My Take:
My prediction is BTC will keep trading between $70K to $80K/$81K for the next 7 days.
- If it goes up, $81K will act as rejection
- If it goes down, $70K will act as support
So this is a range trading period. For a big move we need to see a break above $81K or a breakdown below $70K.
DYOR. This is not financial advice.$BTC
