$BTC Reclaim this resistance zone and $97K is next.
The price is currently retesting a key breakdown level from which we also got rejected back in May when BTC formed its last major HTF high.
Guys right now, bullish momentum remains very strong, which could result in a break above this level. However, as confirmation, I would like to see a weekly close above $87K.
While I do believe that we could see some more upside, I ultimately expect another rejection from this level.
In case of a rejection, I am watching the $74K–$76K region for a possible bullish retest before the next larger expansion to the upside.
This area not only represents strong support, but is also very interesting from a liquidity perspective, as a large cluster of long liquidations has built up right around it.
I believe that this is where BTC could form a higher low. Therefore, this would be our best and potentially also final chance to ever buy Bitcoin below $75K again.
#BTC
The price is currently retesting a key breakdown level from which we also got rejected back in May when BTC formed its last major HTF high.
Guys right now, bullish momentum remains very strong, which could result in a break above this level. However, as confirmation, I would like to see a weekly close above $87K.
While I do believe that we could see some more upside, I ultimately expect another rejection from this level.
In case of a rejection, I am watching the $74K–$76K region for a possible bullish retest before the next larger expansion to the upside.
This area not only represents strong support, but is also very interesting from a liquidity perspective, as a large cluster of long liquidations has built up right around it.
I believe that this is where BTC could form a higher low. Therefore, this would be our best and potentially also final chance to ever buy Bitcoin below $75K again.
#BTC
