BTC Big Picture
Current Price: Bitcoin is trading at around $64,226.8.
Key Levels:
Resistance: Around $64,400 (50% Fibonacci level) and $66,240 (38.2% Fibonacci level).
Support: Around $62,560 (61.8% Fibonacci level) and $59,950 (78.6% Fibonacci level).
Pattern: The chart shows a descending wedge pattern. This pattern is generally a bullish sign, indicating a potential price increase if Bitcoin breaks above the upper trendline of the wedge.
Next Moves:
Bullish: If the price breaks above $64,400, it could move towards $66,240.
Bearish: If the price drops below $62,560, it might head towards $59,950.
Key Levels:
Resistance: Around $64,400 (50% Fibonacci level) and $66,240 (38.2% Fibonacci level).
Support: Around $62,560 (61.8% Fibonacci level) and $59,950 (78.6% Fibonacci level).
Pattern: The chart shows a descending wedge pattern. This pattern is generally a bullish sign, indicating a potential price increase if Bitcoin breaks above the upper trendline of the wedge.
Next Moves:
Bullish: If the price breaks above $64,400, it could move towards $66,240.
Bearish: If the price drops below $62,560, it might head towards $59,950.
🔝 The Greatest Analysis on Earth! : t.me/invotrading
🔝 The Greatest Analysis on Earth! : t.me/invotrading
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