Bitcoin Near Key Resistance – Possible Pullback Toward 62,5K

Jul 10

Hello traders! Here’s my technical outlook based on the current BTCUSDT (3H) chart structure. BTCUSDT previously traded inside an ascending channel after recovering from a major selloff. After breaking below the channel support, price lost bullish momentum and entered a wide consolidation range before buyers regained control above the 62,500 Buyer Zone. Currently, BTCUSDT is trading above the 62,500 Buyer Zone while approaching the 64,800 Seller Zone. The recovery is following a rising support trendline, but the major resistance area continues to limit further upside. As long as BTCUSDT remains below the 64,800 Seller Zone, the bearish scenario remains valid. A rejection from current levels could push price back toward the 62,500 Buyer Zone (TP1), where buyers may attempt to defend support. Please share this idea with your friends and click "Boost" 🚀

Jul 12

Trade active

We can see with you that the sellers have pushed the price away from the resistance zone. However, there was very little activity over the weekend and I think that from Monday we will see a move towards the support zone!

Jul 13

Trade closed: target reached

As I expected, the rollback occurred to the level I had set. The analysis worked quite accurately, I am satisfied with the result and wish everyone a productive day!