Important Weekly Update on Bitcoin.
BTC Update in Weekly Timeframe.
Chart Analysis Date: June 27, 2024
Pair: BTC/USDT (Binance)
Timeframe: 1W (Weekly)
Current Price: $61,125.21
Analysis:
BTC/USDT is maintaining the 60k to 61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of 44k to 47.5k.
Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near 100k within this year.
Key Observations:
~ Current Support: 60k to 61k.
~ Lower Support: 44k to 47.5k.
~ Price target by 2024: 100k.
Conclusion:
BTC must maintain the 60k to 61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction.
Eventually, BTC will rally 100k soon.
If you find this post interesting then like, share, and comment.
Regards,
Team Dexter.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
#BTC #cryptocurrency
Chart Analysis Date: June 27, 2024
Pair: BTC/USDT (Binance)
Timeframe: 1W (Weekly)
Current Price: $61,125.21
Analysis:
BTC/USDT is maintaining the 60k to 61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of 44k to 47.5k.
Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near 100k within this year.
Key Observations:
~ Current Support: 60k to 61k.
~ Lower Support: 44k to 47.5k.
~ Price target by 2024: 100k.
Conclusion:
BTC must maintain the 60k to 61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction.
Eventually, BTC will rally 100k soon.
If you find this post interesting then like, share, and comment.
Regards,
Team Dexter.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
#BTC #cryptocurrency
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.