BTC potential bounce area

Updated

BTC / USDT

BTC in downtrend since last visit @ 72k

Where we can see next strong bounce ?
Personally i think the Area around 52k (54k to 50k) can lead to possible bounce

But why ? …:
This area has much supports cluster
This area has big liquidity
Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!)

Keep watching price action there…

Important condition: wicks below moving average are acceptable but not closing below it

Best of wishes

Note

BTC is finally around 52k support

We must see a strong bounce around here or otherwise we can drop directly to second big support on my chart

Keep following

Note

BTC is bouncing From mentioned support

This is how the chart looks like now : ⬇️

Trade active

Note

BTC bounced hard from our support 53k to 58k

We are now near resistance zone 60k
If we will breach it with strong volume and stable above it for some few days this will be the confirmation of bottom if we see a new rejection then a new retest to support is expected

Lets wait and see …

Note

Price is still testing key level 58-60k

CPI news is coming soon

Looks like a hot week ahead

Note

BTC UPDATED CHART

Babenski

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