$BTC ANALYSIS
$BTC trades at $69,234, falling right back to the old 2021 cycle all time high near $69,000, the same level that flipped from resistance to support in 2024. Just below sits the 200 week moving average, which caught the June bottom and has acted as the macro floor of this entire bull cycle. A quick wick into that MA would complete a textbook double retest.
Hold this zone and price loads a recovery toward $75,000 with $83,000 above. Lose the 200 MA on a weekly close and price slides toward $59,500. Old ATH plus the 200 MA, this is where cycles get defended.
#BTC #altcoins #analysis #crypto
$BTC trades at $69,234, falling right back to the old 2021 cycle all time high near $69,000, the same level that flipped from resistance to support in 2024. Just below sits the 200 week moving average, which caught the June bottom and has acted as the macro floor of this entire bull cycle. A quick wick into that MA would complete a textbook double retest.
Hold this zone and price loads a recovery toward $75,000 with $83,000 above. Lose the 200 MA on a weekly close and price slides toward $59,500. Old ATH plus the 200 MA, this is where cycles get defended.
#BTC #altcoins #analysis #crypto
