Bitcoin Finds Strong Support at $60K

25 Eki 2021

Bitcoin has retraced since achieving all time highs, but is still holding on to the 60K handle. We are seeing good support from 60K confirmed by several green triangles on the KRI. This appears to be a corrective impulse to the overall bull trend, and we expect support to hold, and for Bitcoin to establish value in the 60K's before another push higher. If not, we have a cluster of levels in the 50K's to provide further support including 59.4K, 57.7K and 56.8K. We will need to break highs again at 66.3K or so before we can consider our next price target at 68.6K