Bitcoin in Shorter Timeframe.
Bitcoin Update:
There was a nice 12% bounce back from the support line, reaching to $68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at $67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The $60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
There was a nice 12% bounce back from the support line, reaching to $68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at $67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The $60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
#BTC failed once again.
With the current rejection from $68.2k, BTC is finding its support between $60.8k to $63k. Holding these levels is crucial for BTC if not then the correction phase will likely continue.
Trade safely.
#BTC #Cryptocurency