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technicallevels
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$BTC TESTING CRITICAL RESISTANCE NEAR $65,900 ๐ฅ
Bitcoin slipped back to $64,500 as tech stocks took a hit and retail investors pulled $200M each from Tesla and Apple. The 50-month moving average at $65,900 is showing early signs of resistance, and the anchored VWAP from May's $82K high is also in play.
This level has been a tough nut to crack historically. If BTC can't reclaim $65,900 soon, we might see a deeper retrace before the next leg up. Volume is quiet, but that could change fast.
Will this rejection hold or do you expect a breakout above resistance?
Not financial advice. Always manage your risk.
#BTC #Resistance #BitcoinAnalysis #CryptoMarket #TechnicalLevels
๐ฅ
Bitcoin slipped back to $64,500 as tech stocks took a hit and retail investors pulled $200M each from Tesla and Apple. The 50-month moving average at $65,900 is showing early signs of resistance, and the anchored VWAP from May's $82K high is also in play.
This level has been a tough nut to crack historically. If BTC can't reclaim $65,900 soon, we might see a deeper retrace before the next leg up. Volume is quiet, but that could change fast.
Will this rejection hold or do you expect a breakout above resistance?
Not financial advice. Always manage your risk.
#BTC #Resistance #BitcoinAnalysis #CryptoMarket #TechnicalLevels
๐ฅ
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