BTC is currently consolidating on the daily timeframe inside a well-defined range after the recent volatile move.
Price is respecting both the upper resistance near 72k and support around 64k, indicating accumulation phase.
The market is showing indecision as buyers and sellers are balancing near the mid-range area around 67k.
As long as price remains inside this range, we can expect sideways movement.
A strong breakout on either side could define the next major trend direction.
Key Levels:
Resistance: 72,000 – 73,000
Mid Zone: 67,000
Support: 64,000 – 63,500
Trading Idea:
Range trading conditions until breakout confirmation.
Bullish scenario:
Daily close above 72k can push price towards 75k – 78k.
Bearish scenario:
Breakdown below 64k may lead to move towards 60k support zone.
Wait for confirmation before entering trades and always follow proper risk management.
follow for more updates.
Price is respecting both the upper resistance near 72k and support around 64k, indicating accumulation phase.
The market is showing indecision as buyers and sellers are balancing near the mid-range area around 67k.
As long as price remains inside this range, we can expect sideways movement.
A strong breakout on either side could define the next major trend direction.
Key Levels:
Resistance: 72,000 – 73,000
Mid Zone: 67,000
Support: 64,000 – 63,500
Trading Idea:
Range trading conditions until breakout confirmation.
Bullish scenario:
Daily close above 72k can push price towards 75k – 78k.
Bearish scenario:
Breakdown below 64k may lead to move towards 60k support zone.
Wait for confirmation before entering trades and always follow proper risk management.
follow for more updates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.