Bitcoin Nears Key Support: Breakout or Breakdown ?
As of today, Bitcoin is trading near a key support zone between $66,000 and $67,500 on the 4-hour chart. After a recent decline from the $69,500 resistance level, the price is now consolidating, indicating potential for a significant move.
Two scenarios are possible: if Bitcoin maintains its support, it could rebound towards the $69,500 resistance. However, a failure to hold above this zone could lead to a further drop below $66,000.
Traders should watch for a breakout or breakdown in the coming sessions as Bitcoin remains at a critical point.
Two scenarios are possible: if Bitcoin maintains its support, it could rebound towards the $69,500 resistance. However, a failure to hold above this zone could lead to a further drop below $66,000.
Traders should watch for a breakout or breakdown in the coming sessions as Bitcoin remains at a critical point.
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