Bitcoin Last 4 Days Analysis
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In the past four days, Bitcoin has shown mixed movements, starting with a strong upward push, reaching near $59,500 before facing resistance. The second day saw a slight correction as traders booked profits, pulling BTC down to around $57,800. On the third day, $BTC consolidated within a tight range between $57,800 and $58,400, indicating indecision in the market. Today, Bitcoin is again showing minor upward movement, trading close to $58,900 at the time of writing.
Overall, BTC remains under the key $60,000 psychological resistance, with buyers trying to gain control while sellers keep adding pressure. If BTC breaks above $60,000 in coming sessions, it may continue towards $62,000. Otherwise, a drop below $57,000 could open the way towards $55,000. Traders are advised to remain cautious and follow proper stop loss levels due to high volatility this week.
