$BTC
$BTC IS HOLDING ABOVE A KEY TRENDLINE. WHAT'S NEXT?
Looking at the daily chart, #bitcoin is still respecting the ascending support line after several pullbacks.
The recent bounce from the $63K area shows that buyers are still active. However, the price continues to struggle below the $65K resistance zone.
If #BTC breaks above $65K, the next move could target the $66K-$67K range.
If the trendline fails, a retest of the $62K-$63K support area is possible.
My expectation is that Bitcoin will continue moving sideways before making its next major move.
DYOR! đ
$BTC IS HOLDING ABOVE A KEY TRENDLINE. WHAT'S NEXT?
Looking at the daily chart, #bitcoin is still respecting the ascending support line after several pullbacks.
The recent bounce from the $63K area shows that buyers are still active. However, the price continues to struggle below the $65K resistance zone.
If #BTC breaks above $65K, the next move could target the $66K-$67K range.
If the trendline fails, a retest of the $62K-$63K support area is possible.
My expectation is that Bitcoin will continue moving sideways before making its next major move.
DYOR! đ