Post halving, hanging around the top
What's going on with bitcoin, it went up to the top with such an hurry only to pause post halving, right now having a retrace.
We can see there is a good level of support in the 57k-60k area, as of now it looks like holding the price up well.
On the upside we have some (minor?) resistance around the 67k level.
Technically speaking we are in a healthy uptrend, this is the first retrace post halving and more importantly post ATH, i would expect the uptrend to resume soon and eventually see new record highs, in fact the real uptrend might be just starting soon.
On the down side, should things get bad for any reason and support be broken, we have heavy support at around 35k area, although i doubt we'll get there (i guess 57k-60k area is strong enough to support this retrace, but we can never know).
We can see there is a good level of support in the 57k-60k area, as of now it looks like holding the price up well.
On the upside we have some (minor?) resistance around the 67k level.
Technically speaking we are in a healthy uptrend, this is the first retrace post halving and more importantly post ATH, i would expect the uptrend to resume soon and eventually see new record highs, in fact the real uptrend might be just starting soon.
On the down side, should things get bad for any reason and support be broken, we have heavy support at around 35k area, although i doubt we'll get there (i guess 57k-60k area is strong enough to support this retrace, but we can never know).
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