☀️ Good morning friends
We thought the weekend should start with an updated BTC analysis...
🚨$BTC🚨
📊 We have lost the dip zone mentioned in our last analysis, which is the 114650$ area. We are approaching major support levels that can hold the price.
Our first close resistance point is the most selling area that caused us to lose our support level, which is 116000$ . For the price to create a new peak and show a ''bullish'' appearance again, it needs to gain 119000$ .
The old ATH level of $112000-$110685$ are the areas that can give the price its first reaction. However, manipulation below this area can be expected. We may see a drop down to the levels of 109600$ . In these areas, there should be no panic, and we should expect it to rise above 110685$ .
At the same time, we are approaching the 3rd touch of the trend that started from the dip on April 9. Generally, it is expected that the 3rd touches in trends will give a reaction to the price.
Although the short-term outlook is negative, the long-term trend still maintains its upward trend and positive appearance.💯