📈 WHAT HAPPENED?
Last week, Bitcoin fully played out our short scenario. After testing the $65,000 resistance level, the price continued moving down, reaching a local low around $59,000.
The asset is now trading in the high-volume zone of $61,000–$59,000. A breakout from this range will determine the next local trend.
💼 WHAT WILL HAPPEN: OR NOT?
We’re looking at the following scenarios:
• The price moves up toward resistance, then corrects back into the $61,000–$59,000 range. In this case, we can look for buying opportunities with the expectation of further growth;
• The price consolidates above the $62,300–$63,000 zone. After a pullback to this zone, a long entry may also be considered.
If Bitcoin drops below $58,000, this will signal a continuation of the downward move.
📰 IMPORTANT DATES
See the comments 👇
*This publication is not financial advice. Make decisions based on your own experience.
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