Make-or-Break Test for $BTC: Support Floor vs Overhead Resistance
Bitcoin is sitting at $64,894 following a 2.20 percent daily dip, staging a mild recovery attempt after tapping a low of $62,006. Price action is currently wedged, holding above the 20-hour moving average at $64,685 but failing to clear the 50-hour moving average at $66,439. With the 14-period RSI cooling off at 60.8, upside momentum is clearly hitting a ceiling against heavy overhead resistance. Over on the secondary radar, HYPE is consolidating near $66.87 with a 65.7 RSI. If bulls lose the $62k support floor, expect a swift liquidity sweep.
Do you think buyers can defend support here, or are we destined for a deeper liquidity sweep?
$BTC $HYPE #Bitcoin #CryptoMarket #TradingView
Bitcoin is sitting at $64,894 following a 2.20 percent daily dip, staging a mild recovery attempt after tapping a low of $62,006. Price action is currently wedged, holding above the 20-hour moving average at $64,685 but failing to clear the 50-hour moving average at $66,439. With the 14-period RSI cooling off at 60.8, upside momentum is clearly hitting a ceiling against heavy overhead resistance. Over on the secondary radar, HYPE is consolidating near $66.87 with a 65.7 RSI. If bulls lose the $62k support floor, expect a swift liquidity sweep.
Do you think buyers can defend support here, or are we destined for a deeper liquidity sweep?
$BTC $HYPE #Bitcoin #CryptoMarket #TradingView
