BTCUSD / Bullish Momentum Amid Consolidation
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Bitcoin Technical Analysis
Current Outlook:
Bitcoin has surged from the demand zone, stabilizing above $64,905. Trading above $64,910 suggests further upward movement, potentially breaking $70,000. The price is expected to consolidate between $64,900 and $70,000 until a breakout.
Bullish Scenario:
If Bitcoin remains above $66,180 and $64,900, it could reach $70,000. Stability above $70,000 confirms a bullish trend, targeting $73,800.
Bearish Scenario:
Stabilizing below $62,400 targets $59,950. A 4-hour candle close below this level confirms a downtrend.
Key Levels:
- Pivot Line: $67,290
- Resistance: $70,000, $73,800, $76,500
- Support: $64,900, $62,410, $56,900
Expected Range:
Bitcoin is expected to move between $64,900 and $70,000, with a bullish trend.
previous idea:
Current Outlook:
Bitcoin has surged from the demand zone, stabilizing above $64,905. Trading above $64,910 suggests further upward movement, potentially breaking $70,000. The price is expected to consolidate between $64,900 and $70,000 until a breakout.
Bullish Scenario:
If Bitcoin remains above $66,180 and $64,900, it could reach $70,000. Stability above $70,000 confirms a bullish trend, targeting $73,800.
Bearish Scenario:
Stabilizing below $62,400 targets $59,950. A 4-hour candle close below this level confirms a downtrend.
Key Levels:
- Pivot Line: $67,290
- Resistance: $70,000, $73,800, $76,500
- Support: $64,900, $62,410, $56,900
Expected Range:
Bitcoin is expected to move between $64,900 and $70,000, with a bullish trend.
previous idea:
Nota
the price reached the resistance line we mentioned, so still has a bullish trend especially if can be stabilized above the resistance at least by closing 4h candle means will get 73800 
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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