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🔸 Technical Analysis of Bitcoin ($BTC ) – By Mohamed Redwan 🔸
📊 Bitcoin rebounds from the support area of $67,500 and faces strong resistance at the level of $70,200.
🔽 Support Levels:
• 67,500 – Strong horizontal support
• 65,800 – Secondary support in case the first level is broken
🔼 Resistance Levels:
• 70,200 – Psychological level and current resistance
• 72,000 – Previous peak potentially for testing
🎯 Expected Scenario:
As long as the price maintains trading above the level of 67.5K, the possibility of a breakout towards 72K remains. However, if support is broken, we may witness a downward movement in the short term.
📌 Watch the trading volume and daily closing carefully to make informed decisions.
#Bitcoin #Technical_Analysis #CryptoArabic #MohamedRedwan_TA #BinanceFeed #crypto_redwan
📊 Bitcoin rebounds from the support area of $67,500 and faces strong resistance at the level of $70,200.
🔽 Support Levels:
• 67,500 – Strong horizontal support
• 65,800 – Secondary support in case the first level is broken
🔼 Resistance Levels:
• 70,200 – Psychological level and current resistance
• 72,000 – Previous peak potentially for testing
🎯 Expected Scenario:
As long as the price maintains trading above the level of 67.5K, the possibility of a breakout towards 72K remains. However, if support is broken, we may witness a downward movement in the short term.
📌 Watch the trading volume and daily closing carefully to make informed decisions.
#Bitcoin #Technical_Analysis #CryptoArabic #MohamedRedwan_TA #BinanceFeed #crypto_redwan
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