🔥 Bitcoin $BTC ... Is the downturn over, or is there another drop coming?
Current price: $76,061
24-hour high: $76,350
24-hour low: $74,810
Bitcoin was at $87,385 and plunged to $74,810, dropping more than $12,000 in just a few days, with high trading volume—which means there was heavy selling.
But there’s something important: when it hit $74,810, the bleeding stopped and it started holding steady around $76,000, which means some people are buying in this area.
Bitcoin is currently below all the major moving averages, which means the overall trend is still downward, not upward.
Key levels:
Support:
1- First support: $75,000
2- Strong support: $74,810 — this is the low. If it breaks, we’ll head to $70,584.
3- Distant support: $70,584
Resistance:
1- First resistance: $77,196 — it needs to break above this to catch its breath.
2- Second resistance: $79,299
3- Strong resistance: $80,927 — if it gets back above this, we can say the downturn is over.
My personal prediction:
If it holds above $74,810 today, we’ll see a bounce to $77,200, then $79,300.
But if it breaks below $74,810, don’t buy—wait for it at $70,500.
What do you think?
Do you think Bitcoin will bounce from here, or break below $74,810 and drop to $70,000?
Share your thoughts in the comments.
#BTC #Bitcoin❗ #تحليل_العملات
Current price: $76,061
24-hour high: $76,350
24-hour low: $74,810
Bitcoin was at $87,385 and plunged to $74,810, dropping more than $12,000 in just a few days, with high trading volume—which means there was heavy selling.
But there’s something important: when it hit $74,810, the bleeding stopped and it started holding steady around $76,000, which means some people are buying in this area.
Bitcoin is currently below all the major moving averages, which means the overall trend is still downward, not upward.
Key levels:
Support:
1- First support: $75,000
2- Strong support: $74,810 — this is the low. If it breaks, we’ll head to $70,584.
3- Distant support: $70,584
Resistance:
1- First resistance: $77,196 — it needs to break above this to catch its breath.
2- Second resistance: $79,299
3- Strong resistance: $80,927 — if it gets back above this, we can say the downturn is over.
My personal prediction:
If it holds above $74,810 today, we’ll see a bounce to $77,200, then $79,300.
But if it breaks below $74,810, don’t buy—wait for it at $70,500.
What do you think?
Do you think Bitcoin will bounce from here, or break below $74,810 and drop to $70,000?
Share your thoughts in the comments.
#BTC #Bitcoin❗ #تحليل_العملات