After breaking the resistance level of $65,000, Bitcoin is currently trading above this level, which has now become an important support level. As seen in the chart, Bitcoin is in a mid-term ascending channel, and upon hitting the resistance level of $66,400, it faced a rejection and broke below the midline of the ascending channel.
We expect Bitcoin to test the support range between $64,500 and $65,000 before starting a new upward movement.
If it rejects from this level and buying pressure increases, we will likely see a retest of the resistance range between $64,500 and $67,000.
Conversely, if the support level is lost, we could witness increased selling pressure, leading to a move towards the bottom of the ascending channel. If the bottom of the channel is broken, a candlestick shadow towards $63,700 may form.
With the opening of global banks, we expect to see the beginning of volatility in Bitcoin.
Sign up in Bybit Exchange with below link and get welcome bonus and 40% lifetime discount in all fee charges :
partner.bybit.com/b/Bizamooz
partner.bybit.com/b/Bizamooz
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Sign up in Bybit Exchange with below link and get welcome bonus and 40% lifetime discount in all fee charges :
partner.bybit.com/b/Bizamooz
partner.bybit.com/b/Bizamooz
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.