BTC Still inside the BOX / Careful about the BTC heatmap!
Updated
BTCUSDT BTCUSD Hello Traders,
- Despite positive economic sentiment, BTC still fluctuating inside the box.
- If the price stays above the yellow area, the green scenario is valid and after that if price breaks above the 65K level and stabilize there, 66690 and 70100 levels are the next price resistances.
- According to the recent market heatmap, some shadows may occur inside the circle area for some market liquidation.
Stay tuned for more updates.
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As you can see, Bitcoin attacked the specified range with some shadows and then bounced back above the support range, based on the analysis provided.
Stabilizing above this range can active green scenario and the price can retest resistances mentioned above.
In this post, I will update the BTC scenario till next week.
Follow for the updates.
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👉📉On the other side of the bullish scenario, the price failed to stabilize above the key resistance area; For this reason, the downward path of Bitcoin has been paved towards more important supports and now the price has entered a new downward rally.
📝📈The image above shows the key support areas of Bitcoin.
📝💥In my opinion, Bitcoin should touch the 42980-43150 area to form its last bearish leg and then experience an intensive price reversal.
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📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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