One more short before...

18 Jul

Hello, friends! 💙💛 In recent days, Bitcoin has shown significant growth, attracting the attention of many investors and traders. But are You ready for a possible price drop before the next surge? Let's dive deeper.

On the hourly chart, Bitcoin's price has risen to new heights, but it is now trading close to a key support level. It's anticipated that before any further upward movement, the price might dip to the $60,500 level. This level is a crucial support that could become the launchpad for a new strong upward move.

https://www.tradingview.com/x/yiKGx7Ac/

What Should You Consider?

Support and Resistance Levels: The $60,500 level acts as significant support. If the price reaches and holds this level, it could signal the preparation for a new powerful upward movement.

Historical Data: Historical data shows that such corrections are common before strong bullish moves. This might be an opportunity for those looking for optimal entry points.

Action Plan:

🔶 Monitor the $60,500 Level: If the price drops to this level, it could be a good opportunity to enter the market.

🔶 Analyze the Market: Use various analytical tools to confirm your expectations.

🔶 Be Ready for Volatility: The cryptocurrency market is known for its volatility, so be prepared for unexpected changes.

Let’s watch the developments together! Your thoughts and comments are always welcome.🫶

Thanks for Your attention and support!

Always Yours, Kateryna🩷