$BTC at $77,620: breakout or drop to support?
$BTC trades at US$77,226, while $ZEC rises +4.9% and $NEAR drops -1.9% in 24h.
According to Decrypt, Tether claims it holds 150,000 BTC, around 50,000 more than its reserves report indicates. (Source: Decrypt).
My take: if the figure is real, it could strengthen confidence in the stablecoin’s liquidity and boost bullish sentiment around BTC; but the lack of verification smells like a trap to me and could trigger downside volatility.
On the chart, key support is at 76,401 and the first resistance is at 77,620, followed by 78,063. A close above 77,620 would invalidate the bearish scenario; below 76,401 would confirm the downtrend.
Will it break 77,620 or return to 76,401? 🟢/🔴
#BTC #Tether
This is not financial advice. Verify before investing.
$BTC trades at US$77,226, while $ZEC rises +4.9% and $NEAR drops -1.9% in 24h.
According to Decrypt, Tether claims it holds 150,000 BTC, around 50,000 more than its reserves report indicates. (Source: Decrypt).
My take: if the figure is real, it could strengthen confidence in the stablecoin’s liquidity and boost bullish sentiment around BTC; but the lack of verification smells like a trap to me and could trigger downside volatility.
On the chart, key support is at 76,401 and the first resistance is at 77,620, followed by 78,063. A close above 77,620 would invalidate the bearish scenario; below 76,401 would confirm the downtrend.
Will it break 77,620 or return to 76,401? 🟢/🔴
#BTC #Tether
This is not financial advice. Verify before investing.
