$BTC
Markets are on alert... Are we witnessing an upcoming bullish breakout or a new correction?
Overall trend: Bullish in the medium term, with a current sideways correction.
• Main support: 65,500 – breaking it may push the price towards 62,000.
• Most important resistance: 71,800 – breaking it opens the way towards 74,000 then 78,000.
• Indicators:
• RSI around 54 – neutral with a slight buying bias.
• MACD in a bullish crossover, but momentum is weak currently.
Likely scenario:
As long as the price remains above 65,500, the chance of a rebound remains, but we need a strong confirmation candle above 70K for the bullish momentum to return
