BTCUSDT: $70k or a Crash?

Crucial Support Zone:
The chart highlights a significant support area ranging between $57.8K to $60k. This level has historically provided strong support, as indicated by multiple bounces within this zone.

Potential Upside:
A potential upside target is marked at $72k, representing a 23.26% gain from the current levels. This target aligns with the upper boundary of the channel.

Technical Indicators:
The price is currently testing the support zone, suggesting a possible rebound if the support holds.
If BTC fails to maintain this support, a further decline could ensue, targeting lower levels.

Not Financial Advice,

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#BTC

Comment:

BTC is up 6% from its previous price level and is moving higher.

As we aim for BTC to hit the $70k range once again, it still has strong resistance to face, ranging between 67K and $67.5k.

Currently, with the price at $63.4k, let's aim for 65K and then $67k.

Hopefully, this week will be good for the market.

Do your own research before investing. This content is for educational purposes only.

Regards,
Team Dexter

#BTC #cryptocurrency

Comment:

BTC Daily Close: $60,209

The daily candle is still maintaining the $60k support level, which is good. If we break this support level, we will likely enter the $57k range.

For now, the $60k support is holding strong. A rebound is likely unless BTC breaks down below the $60k support on the daily timeframe.

Do your own research before investing.

Trade safely.

#BTC