As I mentioned in my previous analysis, continued selling pressure could push $BTC toward the 71K area.
This area is not just ordinary support; it also coincides with:
An uptrend that began at Bitcoinâs most recent low.
A fair value gap (FVG).
A technical level where we may see a strong reaction from buyers.
đ I expect the $71,000 area could be an important bounce point, but the key is to watch how the price reacts when it gets there.
This area is not just ordinary support; it also coincides with:
An uptrend that began at Bitcoinâs most recent low.
A fair value gap (FVG).
A technical level where we may see a strong reaction from buyers.
đ I expect the $71,000 area could be an important bounce point, but the key is to watch how the price reacts when it gets there.
