$BTC

In the past few days, we have witnessed sideways movement in the price of Bitcoin between levels of $66,000 and $71,000. Many traders see this phase as a consolidation period before a significant movement ahead. Indicators like MACD and RSI have started to show signs of weakness in momentum, which means we might witness a corrective drop soon. Personally, I am watching the level of $64,800 as an important support, and if it is broken, we may see a quick visit to $60,000. However, if $71,000 is firmly breached, the path will be open towards $75,000 and perhaps higher. #BTC