Bitcoin BTC price move plan for incoming weeks

Updated

For the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions

🔼 buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and updating #Bitcoin ATH very soon. The fuel for growth should be the stops of short positions hidden above 73K. and 74k.

🔽 Sellers now have a much more difficult task: they need to break the growth structure, and for this, they need to fix #BTCUSD price below $60-61k

The next known strong macroeconomic news is expected on June 12, when the CPI US and the Fed Funds rate will be announced.

If you're reading this idea and are interested, please leave a comment under the idea and put like. And then we'll write more thoughts on BTC.D and USDT.D and how altcoins may develop in the near future.

Note

Good and expected #BTCUSDT movement.
Now buyers must fight back upwards

Note

buyers managed to close two daily candles above $67000. Perhaps today/tomorrow, sellers will try to push down, but in general, it looks like a long situation

Note

Today, the information space has been flooded with information about Bitcoin's "move" from the old Mt GOX exchange to $6.5 billion - the market is reacting with a drop out from "fear".

But we didn't know about this yesterday when we wrote about a possible retest at $67000, or we did ?))

Nevertheless, as long as sellers keep the #BTCUSDT price above $67000, there is still a chance for continued growth.

Note

Is it time to continue price growth, or is it too early?
What are your thoughts?

Note

In two days, on 12.06.24, the "fresh" FED rate will be announced. The market will definitely be volatile
Write in comments your thoughts or just "pls update" and put likes under the idea if you want us to write our opinion, which is very likely to happen on the crypto market.

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