Bitcoin increased as expected after decisive break above 65400 as specified in my previous report . The Resistance 1 provided around 68500 worked very well and trading down.
21 SMA at 64600 and 64370 (0.618 Fib Retracement)
Further down the 61300 acts crucial support (0.5 Fib Retracement).
Can buy at these support level if bouncing back strongly for target of 73700.
Bitcoin (BTCUSDT)
After breaking out of the W bottom at 36.5K, Bitcoin rallied slightly before coming back to retest the neckline of the breakout. In fact, there was an hourly close below the neckline, suggesting a potential failure of the W bottom breakout, but price then quickly rallied above, bouncing off of the neckline and the 61.8 Fib. Price is now back at...