📈 WHAT HAPPENED?
At the beginning of last week, Bitcoin attempted to consolidate below the $58,000 level, but the move was unsuccessful. While testing this zone, the cluster chart showed absorption of selling pressure, after which buyers took the initiative.
As the price moved higher, a large number of volume anomalies formed. The price consolidated above them and moved through the $62,300–$63,000 resistance area, a high-volume zone, with almost no reaction. However, it is still too early to talk about a full continuation of the uptrend.
💼 WHAT WILL HAPPEN: OR NOT?
Volumes have now dropped noticeably, and the upward impulse has started to slow down. The main scenario is a local correction. The first downside target is the $62,000 level, where the latest cluster anomaly is located.
The key target remains the $61,000–$58,400 zone, where the highest trading volume is concentrated. If the price reaches this area and we see a strong buyer reaction, we will consider a continuation of the upward move toward the next resistance zone.
If there is no support, the scenario of a full breakout below the $58,000 level will become the main one.
📰 IMPORTANT DATES
Check the comments 👇
*This publication is not financial advice. Make decisions based on your own experience.
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