KayodeOla

#BTC Price Action 📈 — Monday Technical Analysis

$BTC has finally broken below the $79k support zone.

We are about to have an interesting week ahead, as BTC has now broken the $79k support and is currently using it as a new resistance zone.

What am I looking at?

I’m currently looking at a bearish move towards the $75,700 region, which is the next major support zone. This means we could see continued bearish pressure towards that price area.

===> $78k–$79k now acting as the new resistance zone
===> $75k–$76k as the next support zone the market could approach

Once the market gets to these levels, we’ll then have a clearer idea of the next possible move.

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— Kayode Ola

#BTC Price Action 📈 - Monday Technical Analysis

$BTC analysis from last week hasn’t changed much.

We saw Bitcoin ranging between $78k - $82k throughout last week.

This signifies one thing: the bulls are still in control. That’s why BTC held the $78-79k support level. This sentiment made some ALTCOINS make a strong move last week.

So what are we expecting from Bitcoin this week?

The key levels remain the same:

===> $78-79k as the next key support zone
===> $84k as the weak resistance zone the market is likely to approach.

In summary - If Bitcoin holds this level, we might see more bullish momentum in altcoins this week. That means the bulls are still in control of the market until BTC breaks and closes below the $78-79k support zone on the D1 timeframe.

If you found this weekly analysis helpful, make sure to like and share.

— Kayode Ola