Bitcoin has started a downward correction, after which it began to gain bullish momentum. I expect to hover around the 63K support level and then start to have two possible upside positions:
Immediate rebound Target :70k If the upside breaks above 67K, it could trigger a strong rally towards the 70K area, continuing the bullish momentum after the breakout.
A pullback before a rally Target: Adjust to 57K, then rebound to 70K Trend: If Bitcoin fails to break through 67K, it may continue to fall back to 57K. This can serve as a support base and a subsequent rally could push the price back towards the 70K target.
Both scenarios are bullish, with the main difference being whether Bitcoin rebounds immediately or after correcting the decline.
💰Gold signal accuracy is high
💰Spot signals for cryptocurrency pairs
💎Futures signals for cryptocurrencies
🏆Foreign exchange signal
Join our daily Signal and more for a free telegram:
t.me/+kv1NbVlXpGdhZDU0
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.