Latest NFP data caused a heavy sell pressure and prevented BTC from rising to higher levels.
Here's the new analysis and possible scenarios: BTC is probably heading for 70100 - 70600 zone, if it pushes through this area strongly and with good volume, the upward move in BTC shall continue but if BTC's move towards the mentioned area is weak and choppy, it's quite possible that Bitcoin dumps to lower levels again, with 66.5k - 68k as a possible support level, crossing below this support level shall take BTC to even lower levels namely 65.4k - 63.6k and 61.8k.
Here's the new analysis and possible scenarios: BTC is probably heading for 70100 - 70600 zone, if it pushes through this area strongly and with good volume, the upward move in BTC shall continue but if BTC's move towards the mentioned area is weak and choppy, it's quite possible that Bitcoin dumps to lower levels again, with 66.5k - 68k as a possible support level, crossing below this support level shall take BTC to even lower levels namely 65.4k - 63.6k and 61.8k.
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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.