Bitcoin (BTC) has lost momentum over the past two days, raising concerns among analysts, and traders. The leading cryptocurrency is currently trading sideways, lacking the strong volume needed to break through key resistance levels.
Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the $61,000 area.
The $63,000 price point has proven to be a significant hurdle for Bitcoin in recent weeks. Without a significant increase in trading volume, I believe a price correction towards the $61,000 support level is a strong possibility.
Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the $61,000 area.
The $63,000 price point has proven to be a significant hurdle for Bitcoin in recent weeks. Without a significant increase in trading volume, I believe a price correction towards the $61,000 support level is a strong possibility.
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Bingo. $61k area reached 🎯🎯🎯
Let's see how things look from here.
Let's see how things look from here.
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Struggling to breakout at resistance
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Is Bitcoin ready to fly from here?
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Breaking a red arc, heading to $64,100+
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Is this scenario going to work?
Will Bitcoin close above $64,600 to run upward or pull back to $57k?
Will Bitcoin close above $64,600 to run upward or pull back to $57k?
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The price reached $67,000 as indicated by the chart above. Will it break out from
67K
to ascend towards $71k, or will it retract back to the \$60k region?
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Approaching the $68,000 resistance zone (between $67,000 and $68,000), once it surpasses this level, we may see it reach $70,000 to $71,000.
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The target reached $68,000m If closes above this price, $71,000 is my next target.
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My target price of $71,000 reached
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$67,300 incoming, hopefully by end of the week
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As predicted, Bitcoin reached the $66,500 - $67,300 range last week. Now, I'm confident that Bitcoin will reach $70,000+ soon!
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Currently at resistance struggling here, if over pass this price, we see $70k, otherwise, back to $68k -
67K
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We have reached $70k as anticipated in my post from yesterday. If volume continues to grow, we will see $71k to $73k. otherwise back to $68k to
67K
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The update from the last post appears to be working perfectly. There's strong support at $67,400. If the price closes above $68,600, which is currently a resistance level, we could see resistance at prices ranging from $69,200 to $70,100.
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Price rejected right before closing above $68,600. there was short liquidation leverage at a price
69K
- $68k
Incoming $66,300
Incoming $66,300
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The $67,400 support level is holding strong. We've observed a dip to $66,700, which aligns closely with my earlier prediction, attributed to low volume and short liquidation. There has been no significant long or short movement in the price action over this weekend.
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The cryptocurrency market appears to be gearing up for an upward trend in the coming week.
What do you guys think?