Bitcoin on a Tightrope: Tumble Below $61,000 or Find Support?
Bitcoin is currently hovering around $62,850.
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
הערה:
Within a 4-hour timeframe, Bitcoin encountered a resistance level of $65,500 as previously mentioned.
On a daily timeframe, a closing price above $65,500 is necessary for Bitcoin to reach the range of $67,700 to $70,000 potentially.
On a daily timeframe, a closing price above $65,500 is necessary for Bitcoin to reach the range of $67,700 to $70,000 potentially.
הערה:
In the weekly timeframe, it is crucial for Bitcoin price to close above the $64,200 level to maintain its current momentum. Failing to do so could lead to a significant decline.
On the other hand, a sustained close above $67,500 would signal a continuation of bullish momentum.
On the other hand, a sustained close above $67,500 would signal a continuation of bullish momentum.
הערה:
In the weekly & Monthly timeframe charts, Bitcoin price shows a decline could you be playing the $60k - $50k area
הערה:
In a daily timeframe - the price could fall to $60,814
or
if this B. halving brings positivity, it will bounce from here to $65,500 and more upward.