Cryptolean Bitcoin BTC Update
Today, Bitcoin entered the key daily resistance zone of $69,654-$73,422 and is moving to the top of this zone.
The price action with $69,654-$73,422 is very important.
The daily candle closure above this zone will push Bitcoin price higher towards $78,223-$82,353.
An inability to sustain the price action above $69,654 could push BTC price towards the minor support at $64,360 and, possibly, lower the key daily support of $59,920.
Intraday Chart
The intraday chart is interacting with the key resistance zone of $67,901-$70,177.
From its current price location or after re-test of $70,553, a bullish move to $73,234-$75,142 is very likely.
A quick move up and a bearish rejection of $73,234-$75,142 could lead to re-test of $68,305, the key intraday support.
A bullish break-out of $73,234-$75,142 will help bulls to take a control of the intraday chart and BTC price will move towards $78,000.
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The price action with $69,654-$73,422 is very important.
The daily candle closure above this zone will push Bitcoin price higher towards $78,223-$82,353.
An inability to sustain the price action above $69,654 could push BTC price towards the minor support at $64,360 and, possibly, lower the key daily support of $59,920.
Intraday Chart
The intraday chart is interacting with the key resistance zone of $67,901-$70,177.
From its current price location or after re-test of $70,553, a bullish move to $73,234-$75,142 is very likely.
A quick move up and a bearish rejection of $73,234-$75,142 could lead to re-test of $68,305, the key intraday support.
A bullish break-out of $73,234-$75,142 will help bulls to take a control of the intraday chart and BTC price will move towards $78,000.
Like once read.
Thank you!
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Yesterday's daily candle closed below $69,654 and to exclude a fake-out I would like to see another daily candle closure below this level
A sustained price action below $69,654 will push #BTC price towards the minor support at $64,360 and, possibly, lower the key daily support of $59,920.
Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353.
Intraday Chart
After testing the bottom of intraday resistance zone of $73,234-$75,142, Bitcoin is still trading in the bullish territory above $68,305.
From its current price location or after re-test of $68,305, a bullish move to $73,234-$75,142 is likely.
A re-test of $70.553 and a bearish rejection or a bearish break-out of $68,305 could lead price o re-test of $66,214 and lower to $64,123, the key intraday support.