BTC Update in Shorter Timeframe:
BTC is currently facing resistance at
65K
in both shorter and higher timeframes. As mentioned earlier, BTC must close above
65K
in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance.
If BTC manages to break and close above
65K
, then $70k is likely, where another resistance awaits.
A rejection, on the other hand, especially in the daily TF, would be damaging to BTC and the market.
Keep an eye on the
65K
resistance and let's see how it unfolds.
Do your own research before making any decisions.
Trade safely.
#Cryptocurency #BTC
BTC is currently facing resistance at
65K
in both shorter and higher timeframes. As mentioned earlier, BTC must close above
65K
in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance. If BTC manages to break and close above
65K
, then $70k is likely, where another resistance awaits. A rejection, on the other hand, especially in the daily TF, would be damaging to BTC and the market.
Keep an eye on the
65K
resistance and let's see how it unfolds. Do your own research before making any decisions.
Trade safely.
#Cryptocurency #BTC
BTC Update:
BTC failed to break above the
The important level for now is the $60k support.
Trade safely.