🟠 OFFICIAL: #Bitcoin  reached a new All-Time High at $69,000 for the first time before the halving, driven by massive Institutional buying pressure!

However, just as it reached the major resistance level, $BTC immediately dropped to $67k

What just happened?

🔸 Major Resistance: Many sellers wait at this key level.

🔸 Selling from Previous Highs: Buyers who bought at the peak of the 2021 bull run are likely selling now to secure profits.

🔸 Typical Reaction: This is a typical reaction at major resistance levels.

What Does $BTC Need to Do Next?

🔸 Confirmation Above $69,000: We need a confirmation candle (a closing price above 69k) to trigger the next leg up.

Once it breaks and confirms, there's no historical price data at that level, making it potentially bullish.

What Should You Do?

🔸 Stay Calm and Wait: Let the buyers and sellers, fight for the next move.

This is the most volatile price action #Bitcoin  has seen since breaking previous records, so stay calm and wait for a clear breakout or breakdown before taking any action.

Source.