Important Weekly Update on Bitcoin.
BTC Update in Weekly Timeframe.
Chart Analysis Date: June 27, 2024
Pair: BTC/USDT (Binance)
Timeframe: 1W (Weekly)
Current Price: $61,125.21
Analysis:
BTC/USDT is maintaining the 60k to 61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of 44k to 47.5k.
Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near 100k within this year.
Key Observations:
~ Current Support: 60k to 61k.
~ Lower Support: 44k to 47.5k.
~ Price target by 2024: 100k.
Conclusion:
BTC must maintain the 60k to 61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction.
Eventually, BTC will rally 100k soon.
If you find this post interesting then like, share, and comment.
Regards,
Team Dexter.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
#BTC #cryptocurrency
Chart Analysis Date: June 27, 2024
Pair: BTC/USDT (Binance)
Timeframe: 1W (Weekly)
Current Price: $61,125.21
Analysis:
BTC/USDT is maintaining the 60k to 61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of 44k to 47.5k.
Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near 100k within this year.
Key Observations:
~ Current Support: 60k to 61k.
~ Lower Support: 44k to 47.5k.
~ Price target by 2024: 100k.
Conclusion:
BTC must maintain the 60k to 61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction.
Eventually, BTC will rally 100k soon.
If you find this post interesting then like, share, and comment.
Regards,
Team Dexter.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
#BTC #cryptocurrency
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