$BTC
Hello everyone, I hope you made profits from my last post.
Currently, Bitcoin is trading at $67,700, with the next resistance at $68,200. After that, there's a psychological resistance at $70,000, which won’t be easy to break in one go. For Bitcoin to hit a new all-time high, it needs to close above $69,000 on the daily chart, and then stay above $67,000 on the weekly chart.
However, Bitcoin’s EMA is above 80 on the daily, which is typically a strong selling signal. This means we might see a retest of the $64k–$65k range, and if that retest is successful, it could push us up to $70k. There’s also strong Fibonacci resistance at $70,086, and the Bitcoin liquidation map shows no big liquidations on the monthly timeframe, so a retest would be helpful to break through the $70k resistance. But if we don’t see a retest down to $63,800–$64,600, a sharp drop could follow.
