Islam_Ambassada
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MORE REASONS TO WHY BITCOIN COULD DIP TOWARDS 63$k-70$k AND THE PSYCHOLOGY BEHIND IT
I have previously shared multiple articles explaining why Bitcoin could dip toward the mentioned zone and the importance of adjusting buy levels accordingly.
In this article, I will provide further evidence to support my analysis, helping my followers make informed decisions—just as I did when Bitcoin was at $110K.
For a deeper understanding of my perspective on Bitcoin, feel free to check out my profile❤️📌
Now, let’s begin by analyzing the current monthly chart.
Just as I shared previously the current take profit taking is happening on higher time frame and the big players who bought from 15$k in 2023 are likely taking profit after pushing market from 49$k towards 110$k as a result of Trump election and inauguration.
This is to mark the beginning of US Bitcoin Reserve which will spark 🔥 a very strong buy marking a new cycle
I will be adding more analysis to my previous analysis 😊
Weekly
From the weekly time frame, the strongest liquidity area is the zone at the peak of 2022 resistance level and the 2024 resistance level
🟡The $69,000 level is one of the most significant psychological and technical levels for Bitcoin because it represents its all-time high (ATH) from November 2021. This level holds historical, emotional, and strategic importance for traders and investors.
Bitcoin market broke the high towards 73$k which became a new high in 2024
This level is also considered a psychological level with a lot of liquidity
This two zones are strong liquidity levels due to their role in the market in previous years
It is very possible for investors to look at these zones that will serve as retest for a new cycle ⬆️📊❤️
If you should check my screen I use lines to represent it as my support area instead of a level because the market usually respect a zone instead of a level
It very advisable for investors to look for strong buys at least 70$k towards 63$k
Because 70$k is a also a very strong psychological level above the 2022 peak high
Let get bit more confirmation on daily time frame
If you will observe the daily chart clearly you will notice that the market giving us a Curve like structure with a strong liquidity levels around 70$k area 📊😊⬆️
Clearly all what is happening now are just noice because there is no liquidity both on monthly weekly and daily
On the daily and the 3 days time frame the liquidity level looks very clear
Note that this level is inline with the previous peak 69$k in 2022 resistance level…averaging at 70$k psychological level
Because we are peaking our trades on high time frame we must consider it an area instead of a level market 70$k psychological level as the beginning of the zone
On the weekly here ⬆️⬆️ you can see how the zone sparked the buy long green candle during the U.S election indicating how strong the zone is 😊📌.
Will dip happen sooner ?
Just as I have mentioned several articles trend level traders and Lowe time traders are still buying the market so it is very possible to see market take some time make some noise before further dip
I provided reasons in my previous article
I have mentioned that 50% trend level traders both on monthly and daily are taking advantage of the level before further dip
Because this is happening on high time frame it is very possible to see more delay 😊
Many traders who are not seeing the big picture will get in to gamble it hoping due to delay but instead big players then dip the market
It will take time because it is happening on monthly weekly and daily ⬆️📌
I personally took advantage too just as I shared on my page 📃 and I explained that the current resistance level as well,stating that it is within 86$k-90$k that is why I took profit on $BTC early at 85$k on high percentage.
Just as I shared previously this a possible scenario but I took profit early because resistance start from early 85$k
So many traders await zone above even though it is risky it could happen because there is high liquidity on daily at 88$k-90$k supply
OVERALL MARKET IS BEARISH,WHAT IS HAPPENING IS JUST NOISE PER MY CHART
Make sure 😊 you like 👍
Comment ✍️✍️✍️✍️✍️ and share to your friends ❤️
This is a transparent analysis as always it is up to you decide ❤️
Make sure you keep checking my post for updates incase there is a need because it is a financial market ❤️📌
#BNBChainMeme
#FollowTheLeadTrader
In this article, I will provide further evidence to support my analysis, helping my followers make informed decisions—just as I did when Bitcoin was at $110K.
For a deeper understanding of my perspective on Bitcoin, feel free to check out my profile❤️📌
Now, let’s begin by analyzing the current monthly chart.
Just as I shared previously the current take profit taking is happening on higher time frame and the big players who bought from 15$k in 2023 are likely taking profit after pushing market from 49$k towards 110$k as a result of Trump election and inauguration.
This is to mark the beginning of US Bitcoin Reserve which will spark 🔥 a very strong buy marking a new cycle
I will be adding more analysis to my previous analysis 😊
Weekly
From the weekly time frame, the strongest liquidity area is the zone at the peak of 2022 resistance level and the 2024 resistance level
🟡The $69,000 level is one of the most significant psychological and technical levels for Bitcoin because it represents its all-time high (ATH) from November 2021. This level holds historical, emotional, and strategic importance for traders and investors.
Bitcoin market broke the high towards 73$k which became a new high in 2024
This level is also considered a psychological level with a lot of liquidity
This two zones are strong liquidity levels due to their role in the market in previous years
It is very possible for investors to look at these zones that will serve as retest for a new cycle ⬆️📊❤️
If you should check my screen I use lines to represent it as my support area instead of a level because the market usually respect a zone instead of a level
It very advisable for investors to look for strong buys at least 70$k towards 63$k
Because 70$k is a also a very strong psychological level above the 2022 peak high
Let get bit more confirmation on daily time frame
If you will observe the daily chart clearly you will notice that the market giving us a Curve like structure with a strong liquidity levels around 70$k area 📊😊⬆️
Clearly all what is happening now are just noice because there is no liquidity both on monthly weekly and daily
On the daily and the 3 days time frame the liquidity level looks very clear
Note that this level is inline with the previous peak 69$k in 2022 resistance level…averaging at 70$k psychological level
Because we are peaking our trades on high time frame we must consider it an area instead of a level market 70$k psychological level as the beginning of the zone
On the weekly here ⬆️⬆️ you can see how the zone sparked the buy long green candle during the U.S election indicating how strong the zone is 😊📌.
Will dip happen sooner ?
Just as I have mentioned several articles trend level traders and Lowe time traders are still buying the market so it is very possible to see market take some time make some noise before further dip
I provided reasons in my previous article
I have mentioned that 50% trend level traders both on monthly and daily are taking advantage of the level before further dip
Because this is happening on high time frame it is very possible to see more delay 😊
Many traders who are not seeing the big picture will get in to gamble it hoping due to delay but instead big players then dip the market
It will take time because it is happening on monthly weekly and daily ⬆️📌
I personally took advantage too just as I shared on my page 📃 and I explained that the current resistance level as well,stating that it is within 86$k-90$k that is why I took profit on $BTC early at 85$k on high percentage.
Just as I shared previously this a possible scenario but I took profit early because resistance start from early 85$k
So many traders await zone above even though it is risky it could happen because there is high liquidity on daily at 88$k-90$k supply
OVERALL MARKET IS BEARISH,WHAT IS HAPPENING IS JUST NOISE PER MY CHART
Make sure 😊 you like 👍
Comment ✍️✍️✍️✍️✍️ and share to your friends ❤️
This is a transparent analysis as always it is up to you decide ❤️
Make sure you keep checking my post for updates incase there is a need because it is a financial market ❤️📌
#BNBChainMeme
#FollowTheLeadTrader
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
