What if Bitcoin refuses to give bears their $70K entry?
A lot of traders are still expecting another leg down.... but I'm watching what happened around $76K.
$BTC dropped hard, touched approximately $76,270 on the 1H chart, and buyers stepped in.
Since then, price has recovered towards $77,900 and started building a small base instead of immediately making another low.
That's why I'm not ready to call for $70K just yet.
My bullish view remains intact as long as buyers can defend the $76K area.
But there's still work to do.
First, Bitcoin needs to reclaim $80K. A clean break above $82K would make the recovery much more convincing.
If that happens, I'm keeping the $90K+ region on my radar.
Of course, losing $76K would change the picture completely. This is a potential bottom, not a confirmed one.
I'm leaning bullish and accumulating in small amounts rather than trying to catch the exact bottom.
Imagine waiting for $70K while Bitcoin starts building its way towards $90K....
Are we looking at the beginning of a recovery, or is another dump still coming? ❓
#BTC #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
A lot of traders are still expecting another leg down.... but I'm watching what happened around $76K.
$BTC dropped hard, touched approximately $76,270 on the 1H chart, and buyers stepped in.
Since then, price has recovered towards $77,900 and started building a small base instead of immediately making another low.
That's why I'm not ready to call for $70K just yet.
My bullish view remains intact as long as buyers can defend the $76K area.
But there's still work to do.
First, Bitcoin needs to reclaim $80K. A clean break above $82K would make the recovery much more convincing.
If that happens, I'm keeping the $90K+ region on my radar.
Of course, losing $76K would change the picture completely. This is a potential bottom, not a confirmed one.
I'm leaning bullish and accumulating in small amounts rather than trying to catch the exact bottom.
Imagine waiting for $70K while Bitcoin starts building its way towards $90K....
Are we looking at the beginning of a recovery, or is another dump still coming? ❓
#BTC #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
