🚨 When Bitcoin was at $81,300, I asked on X what made people think it couldn’t go back to $60,000. Twenty-four days later, BTC hit 62,006 USDT on Binance.
THE MARKET FILE — FROM $81K TO $62K. NOW WHAT?
On October 22, before the U.S. midterms, I shared Bitcoin’s daily chart on X. The $60,000 area looked closer than market sentiment suggested. The chart attached to that post shows BTC trading around $81,300 at the time.
BTC has since bounced toward $65,400. The question I care about now is how much ground buyers can reclaim.
👀 What I’m watching this Sunday
I expect BTC to make a run at $68,000. Tonight’s Asian session is the first test. If BTC reclaims that level and finds buyers on a retest, I’ll be watching Monday’s Wall Street open to see if it gives Bitcoin enough momentum to challenge $70,000.
If BTC gets rejected between $66,500 and $68,000, I’ll watch how buyers respond around $62,000.
💬 At $81,300, I asked what was stopping BTC from going back to $60,000. Today, I’ll flip the question. What would Bitcoin have to show you before you’d believe in a move back to $70,000?
$BTC
#WhatWillDriveCryptoandStocks’NextRebound?
#BTCPriceAction
#SupportAndResistance
THE MARKET FILE — FROM $81K TO $62K. NOW WHAT?
On October 22, before the U.S. midterms, I shared Bitcoin’s daily chart on X. The $60,000 area looked closer than market sentiment suggested. The chart attached to that post shows BTC trading around $81,300 at the time.
BTC has since bounced toward $65,400. The question I care about now is how much ground buyers can reclaim.
👀 What I’m watching this Sunday
I expect BTC to make a run at $68,000. Tonight’s Asian session is the first test. If BTC reclaims that level and finds buyers on a retest, I’ll be watching Monday’s Wall Street open to see if it gives Bitcoin enough momentum to challenge $70,000.
If BTC gets rejected between $66,500 and $68,000, I’ll watch how buyers respond around $62,000.
💬 At $81,300, I asked what was stopping BTC from going back to $60,000. Today, I’ll flip the question. What would Bitcoin have to show you before you’d believe in a move back to $70,000?
$BTC
#WhatWillDriveCryptoandStocks’NextRebound?
#BTCPriceAction
#SupportAndResistance
