Is $BTC Bitcoin Range Bound?
Updated
BITCOIN price action has established a range!Current price: 61400
Previously
BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area.It is fair to state that Bitcoin's established RANGE lies between 60600 - 71500
For alts to rise to higher prices, then bitcoin needs to remain in this range: No breakout of the range or breakdown from the range...
Support at 60600 is a very key to watch! If #BTC loses this support then a Worst case scenario will play out: Bitcoin loses the range and seeks lower supports down to 49,700
Best case scenario for bitcoin price action is to remain in range until a time when it can break the 71500 top resistance to reach higher prices.
Current Resistances (within Range): 62400, 64300, 67000, 69800, 71500
Supports below Range: 57900, 54500, 52200, 49700
Note
BTC still holding strong support around 60600 Current Resistances (within Range): 62400, 64300, 67000, 69800, 71500)Note
BTC has finally lost the support of the range... down from here! Supports below Range: 57900, 54500, 52200, 49700Note
BTC price action found resistance around 57900...If 54500 cannot hold then expect 52200
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