#bitcoin #BTC #BinanceSquare Bitcoin is currently facing strong resistance at the level of $68,500 after a strong rise in the past few days.
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📉 Key Technical Levels 18799213505:
Major Support: $66,200
Current Resistance: $68,500
Next Target in case of a breakout: $70,000 then $72,500
🔥 Expected Scenario 18799213505:
If the price succeeds in breaking the current resistance with a daily close above $68,500, we may see a strong push towards $70,000 and possibly $72,500.
However, if the breakout fails, we might see a correction down to $66,200 to support the upward momentum again.
✅ Recommendation:
Carefully monitor the daily close.
Any clear break of resistance with high trading volume could be an entry signal.
Using a stop loss below $66,000 is essential to minimize risks.
💬 What do you think? Do you expect a breakout of resistance or the beginning of a new correction? Share your analysis in the comments!