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#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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š Key Technical Levels 18799213505: Major Support: $66,200 Current Resistance: $68,500 Next Target in case of a breakout: $70,000 then $72,500
š„ 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.
ā 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.
š¬ What do you think? Do you expect a breakout of resistance or the beginning of a new correction? Share your analysis in the comments!