Hello Traders!
Limit buyers gathered sales in the $40900 - $44200 range after which they began to push the price up on news of Bitcoin ETF adoption.
After trying to pass the $66700 resistance level, the buying strength began to fall and the price began to consolidate in the narrow $58000 - $63000 range
At the moment, the price passed the local resistance level of $63000 and is close to the retest of the next resistance level of $66700.
It is possible to begin purchases at the rebound of $63000 or after the price exceeds the level of $66700.
It is better to place the stop under the support level of 58000$ at the level of 56600$.
The growth continuation target is $77200. Purchases can be fixed in the range of $77000 - $78000
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Limit buyers gathered sales in the $40900 - $44200 range after which they began to push the price up on news of Bitcoin ETF adoption.
After trying to pass the $66700 resistance level, the buying strength began to fall and the price began to consolidate in the narrow $58000 - $63000 range
At the moment, the price passed the local resistance level of $63000 and is close to the retest of the next resistance level of $66700.
It is possible to begin purchases at the rebound of $63000 or after the price exceeds the level of $66700.
It is better to place the stop under the support level of 58000$ at the level of 56600$.
The growth continuation target is $77200. Purchases can be fixed in the range of $77000 - $78000
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice