BTC daily and weekly perspective.
Three months of gains wiped out in just one week, and the recent drops have been smooth as butter, leaving bulls feeling dizzy.
Now the price is hovering around 60k—will it break through? Hard to say. What’s certain is that this level will attract a lot of spot buyers looking to catch the bottom; technically, it’s a solid buy point.
Daily level support + lower boundary of the larger time-frame channel. A very tempting entry point for bulls.
After four days of continuous acceleration down, the short-term panic should be mostly released, and we should see a market correction soon.
In the short term, looking for a rebound, with resistance at 65800.
Three months of gains wiped out in just one week, and the recent drops have been smooth as butter, leaving bulls feeling dizzy.
Now the price is hovering around 60k—will it break through? Hard to say. What’s certain is that this level will attract a lot of spot buyers looking to catch the bottom; technically, it’s a solid buy point.
Daily level support + lower boundary of the larger time-frame channel. A very tempting entry point for bulls.
After four days of continuous acceleration down, the short-term panic should be mostly released, and we should see a market correction soon.
In the short term, looking for a rebound, with resistance at 65800.