The recent analysis has demonstrated the successful reclamation of the Monday Low scenario for #Bitcoin , as detailed in yesterday's update. Once the price reached $63.5k on the 4-hour timeframe, it was subsequently backtested and confirmed as a new support level, facilitating a movement toward the supply zone beginning at $64.5k.
It is anticipated that $BTC will encounter resistance in this vicinity, approaching the $65k mark. Additionally, we are approaching the FOMC interest rate decision and the accompanying press conference later today, which are likely to induce market volatility. I will closely monitor whether this level can be established as support or if a retest at $64k and slightly below will elicit a significant market reaction.
#BTC Price Analysis# #Crypto#
It is anticipated that $BTC will encounter resistance in this vicinity, approaching the $65k mark. Additionally, we are approaching the FOMC interest rate decision and the accompanying press conference later today, which are likely to induce market volatility. I will closely monitor whether this level can be established as support or if a retest at $64k and slightly below will elicit a significant market reaction.
#BTC Price Analysis# #Crypto#