Bitcoin looking to retreats to find support at $62,000

In a recent price swing, Bitcoin (BTCUSDT) has retreated to find support at its previous day's level of $61,850 - $62,000, as seen on a 4-hour chart. This price movement suggests a potential period of consolidation for Bitcoin after a recent rally.

Trade fermée: cible de profit atteinte:

Jumped in, was a perfect buy-in @ $62,300

Commentaire:

Aiming $65,400 to $66,000 and $66,700 in 4h time frame

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As per my previous prediction, It did hit $66,000 and fell back to $64,000

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If the price closes above the $66,000 level, it could indicate an upward trend and potentially lead to further price increases. If not, then fell back to $60k-$50k

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Above $66,000 remains a potential breakout zone, with Bitcoin possibly reaching $71,000 to $73,000 from here, If the daily candle closes above $69,800 otherwise, a pullback to $68,000 or more.

Commentaire:

The price has reached a significant resistance level at $71,170 on its daily trend line, which could indicate a temporary halt or reversal of the current uptrend.
If the price manages to break through this level, it could potentially lead to a new all-time high being achieved by the weekend.