$BTC TECHNICAL ANALYSIS : 124K incoming or 60K?
#BTCBelow80K #BinanceEarnYieldaArena
Bitcoin is currently pulling back and trading near $76,825, approaching a key support zone between $69,000–$70,000. This zone has a strong demand area, and a successful retest could trigger a bullish continuation.
If this support holds, BTC may form a higher low, which opens the door for a rally towards the next major resistance near $121,000- $124,000 aligning with the upper boundary of the long-term ascending channel.
On the flip side, if BTC fails to break above the red resistance zone ($90,000) and instead prints a lower high, this could act as confirmation of weakness. A breakdown below support may lead to a deeper correction, with downside targets around $55,000–$60,000.
Short term expectation: A dip toward $69k–$70k is likely before the next major move.
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