Bitcoin found strong support around $50K and bounced back. But now the price is facing resistance at the 200-day moving average around $61K. Technical analysis shows that if the price fails to break through this resistance, a new drop towards $50K is possible. However, if a breakout occurs, a sharp rise is possible. 🧐

Analysis of whale behavior shows that their activity can greatly affect the market. It is important to monitor their actions around the $64K-$65K levels, as this can determine further price movement.