Bitcoin BTC: Eyes on Key Daily and Intraday Resistance Zones!
Daily Chart:
Bitcoin is re-testing the pivotal resistance zone around $66,741 and striving for upward momentum.
A daily closure above this zone could ignite a bullish advance towards the $69,466 resistance.
Escalating past $69,466 is likely to result in the new ATH above $72,715.
A rejection of $66,741 could signal a bearish momentum, exposing the $61,671 level as the next significant support, however first Bitcoin will have to overcome $64,206.
Intraday Chart:
Bitcoin is re-testing the crucial intraday resistance $65,684-$66,589 and has to sustain price action in this zone for a continuation of the uptrend.
1. A breach above $66,589 could set the stage for a rally towards $67,740-$68,731.
2. Conversely, slipping below $65,684 may trigger a descent to $63,349 where we are likely to see a bullish reversal that will offer a buy opportunity towards $67,740 and higher to $71,067.
Bitcoin is re-testing the pivotal resistance zone around $66,741 and striving for upward momentum.
A daily closure above this zone could ignite a bullish advance towards the $69,466 resistance.
Escalating past $69,466 is likely to result in the new ATH above $72,715.
A rejection of $66,741 could signal a bearish momentum, exposing the $61,671 level as the next significant support, however first Bitcoin will have to overcome $64,206.
Intraday Chart:
Bitcoin is re-testing the crucial intraday resistance $65,684-$66,589 and has to sustain price action in this zone for a continuation of the uptrend.
1. A breach above $66,589 could set the stage for a rally towards $67,740-$68,731.
2. Conversely, slipping below $65,684 may trigger a descent to $63,349 where we are likely to see a bullish reversal that will offer a buy opportunity towards $67,740 and higher to $71,067.
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