Cryptolean Bitcoin BTC Update
Daily Chart
Bitcoin price is testing the bottom of the key resistance zone of $69,654-$73,423.
A bearish divergence forming in the daily BTCUSD chart remains a concern and requires a strong bullish move to invalidate it.
At the same time, the price action with the daily zone of $69,654-$73,422 will be very important.
The daily candle closure and a sustained price action in $69,654-$73,422 zone or, even better, above $73,422 will push Bitcoin price higher towards $80,000.
Below $59,920, the key daily support, BTC will decline towards $51,660 support, however the price action will be slow and choppy.
Intraday Chart
The BTCUSD intraday (4-Hour) chart is slowly moving to the top of the key resistance zone of $67,901-$70,177.
A solid bullish candle closure above $70,177 will resume the bullish move in Bitcoin.
A bullish break-out of $70,177 will push #BTC price towards $73,077 and higher.
A bearish rejection of the top of the zone - $70,177 or a bearish break-out of of $67,901 will result in #Bitcoin price re-testing the intraday support at $62,021.
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Thank you!
Bitcoin price is testing the bottom of the key resistance zone of $69,654-$73,423.
A bearish divergence forming in the daily BTCUSD chart remains a concern and requires a strong bullish move to invalidate it.
At the same time, the price action with the daily zone of $69,654-$73,422 will be very important.
The daily candle closure and a sustained price action in $69,654-$73,422 zone or, even better, above $73,422 will push Bitcoin price higher towards $80,000.
Below $59,920, the key daily support, BTC will decline towards $51,660 support, however the price action will be slow and choppy.
Intraday Chart
The BTCUSD intraday (4-Hour) chart is slowly moving to the top of the key resistance zone of $67,901-$70,177.
A solid bullish candle closure above $70,177 will resume the bullish move in Bitcoin.
A bullish break-out of $70,177 will push #BTC price towards $73,077 and higher.
A bearish rejection of the top of the zone - $70,177 or a bearish break-out of of $67,901 will result in #Bitcoin price re-testing the intraday support at $62,021.
Like once read.
Thank you!
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