Retest of previous support

Retest of previous support line at 71k, failure to break through, means its the new resistance,

I forecast a liquidation of longs and bitcoin going back down to 61.5k.

A continuation of the previous bullish movement after halvening in April.

New all time high of around 88,888, and then a Chinese sell off that triggers another small pull back.

Stay tuned.

Commentaire:

As previously mentioned at 66.2k area,

rejected at 70.6k: Hence failed to break above that important 71k area.

bouncing down from 71k, we can expect to see a retest of the 61k within the coming days.

Transaction en cours:

We're approaching the third retest of 65k, before we see another leg down.

Likely, to previous support around the 61k region.

Commentaire:

Correction expected to complete within 24 hours.

60k is a key support area at this stage.

Trade fermée: cible de profit atteinte:

60.7k target reached.

I will be keeping an eye on the 68.6k area in the coming days, to determine the next trade. we could see STRONG upwards movement if this price is surpassed with sufficient volume. Stay tuned!