After conducting my analysis on 5th June, I anticipated that bullish momentum would propel the price above the 71,000-resistance level, aiming for a swift rise to the all-time high (ATH) of 85,000. However, contrary to expectations, the price experienced a sharp reversal from this resistance level.
Currently, BTCUSD is testing the 61,000-support level for the fifth time. A breach below this critical level is likely to accelerate the decline towards the next support level. In such a scenario, my target price is 50,000.
Stay safe and follow your trading plan!
Currently, BTCUSD is testing the 61,000-support level for the fifth time. A breach below this critical level is likely to accelerate the decline towards the next support level. In such a scenario, my target price is 50,000.
Stay safe and follow your trading plan!
Note
Target reached!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.