It's imperative for bulls to hold 63.500

1 sie

In my weekend analysis, I mentioned that BTC looked bullish across all time frames. The beginning of this week was promising for BTC, but enthusiasm faded at 70k, and the price started to decline.

Currently, the price is at 64k, just above the 63,500 support level. This support is crucial for the medium-term price evolution. If the bulls cannot maintain the price above this level, we might see a drop below 60k, potentially negating my prediction of 100k by the end of the year.

At this moment, I'm neutral on BTC. If the price breaks below the support, I will exit with a loss. Only a return to the 68-69k zone would bring some optimism back.

1 sie

Uwaga

And it didn t held.
If it closes under is pretty bearish