Recent Targets Hit:
✅ 76,600K – Successfully reached.
⏳ 70-74K – Currently in progress, awaiting confirmation.
BTC is at a critical level, consolidating in the 70-74K range. If support holds, another attempt toward ATH is possible. However, if a Black Swan event occurs, BTC could correct to 52-60K before resuming an uptrend. Keep an eye on market sentiment, ETF flows, and macroeconomic conditions for further confirmation
Next Potential Targets:
Black Swan Target: If market conditions allow, BTC could drop to 52k-60K in extreme volatility scenarios.
Market Analysis & Key Factors
1. Price Action & Technicals:
BTC has been showing high volatility after reaching its all-time high (ATH) of around 73K.
Support Levels: 70K-74K range remains key for short-term moves.
Resistance Levels: 78K-83K, previously strong resistance zones, might now act as support if BTC maintains strength.
2. Liquidity & Leverage:
The market is highly leveraged, leading to liquidation spikes in both directions.
Whales & Institutions are likely taking profits, increasing sell pressure near highs.
3. Macroeconomic Factors:
Interest rates & Fed policies can influence BTC price movements.
ETF inflows & institutional demand will play a crucial role in sustaining price levels.
4. Black Swan Scenario (48-60K Range):
If a major liquidity event occurs, BTC could see a sharp correction.
Potential triggers: Regulatory actions, economic downturn, or major sell-offs.
