Important Bitcoin Update

6 May

BTC Update in Shorter Timeframe:

BTC is currently facing resistance at 65K in both shorter and higher timeframes. As mentioned earlier, BTC must close above 65K in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance.

If BTC manages to break and close above 65K, then 70k is likely, where another resistance awaits.

A rejection, on the other hand, especially in the daily TF, would be damaging to BTC and the market.

Keep an eye on the 65K resistance and let's see how it unfolds.

Do your own research before making any decisions.

Trade safely.

#Cryptocurency #BTC

9 May

Not

BTC Update:

BTC failed to break above the 65K resistance; instead, it was rejected. Now, if BTC fails to hold the 60k support, we will likely see the price drop to 56k again.

The important level for now is the 60k support.

Trade safely.