Bitcoin ($BTC ) at $65,000: Technical rebound or further decline? 📊🔍
After falling more than 13% this week, $BTC is trading near $65,000 after touching lows of $62,600. Fear is dominating the market, but the data shows key signals:
📌 3 key points to consider:
Extreme oversold conditions: The daily RSI is hovering around 20, a level historically associated with seller exhaustion.
Key levels: Holding $65,000 opens the door to a rebound toward $68,000–$70,000. If it loses $62,500, the next psychological support is at $60,000.
Strong hands are buying: While short-term investors are selling at a loss, long-term holders continue accumulating and withdrawing coins from exchanges. 🏦
💡 Strategy: Avoid excessive leverage and prioritize staggered Spot purchases (DCA) with risk management.
👇 What do you see for $BTC this week? A rebound from here or a visit to $60,000? Comment below and like this post if you found it helpful! 💬🚀
Click here to trade
👇
$BTC
#Write2Earn #BinanceSquareWritingContest
After falling more than 13% this week, $BTC is trading near $65,000 after touching lows of $62,600. Fear is dominating the market, but the data shows key signals:
📌 3 key points to consider:
Extreme oversold conditions: The daily RSI is hovering around 20, a level historically associated with seller exhaustion.
Key levels: Holding $65,000 opens the door to a rebound toward $68,000–$70,000. If it loses $62,500, the next psychological support is at $60,000.
Strong hands are buying: While short-term investors are selling at a loss, long-term holders continue accumulating and withdrawing coins from exchanges. 🏦
💡 Strategy: Avoid excessive leverage and prioritize staggered Spot purchases (DCA) with risk management.
👇 What do you see for $BTC this week? A rebound from here or a visit to $60,000? Comment below and like this post if you found it helpful! 💬🚀
Click here to trade
👇
$BTC
#Write2Earn #BinanceSquareWritingContest
