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Skyboxpips
Apr 10, 2024 2:49 AM

Bitcoin (BTC) is back near $69k 

Bitcoin/U.S. DollarFXCM

Description

Hello Traders,

We all experience the bitcoin bull run for the previous months. Bitcoin reached the all-time high at SWB:69K before facing a resistance level

Bitcoin is consolidating at SWB:69K level.

We may experience bitcoin continue to the buy-side breaking and closing above the 70k level.

On the weekly timeframe, there is a lot of wicks indicating that sellers are at the 70k level

Do you think Bitcoin will overcome the sell pressure and break in the 70k price range or will this be the roof of the bull run? Share your thoughts
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