Bitcoin appeared to be finding support at $64.3K, but momentum has weakened once again. We are currently finding support just below this level, with some green triangles on the KRI serving as confirmation. But the price action is 'rounding off' which looks weak technically. The next level of support from below is $62.4K. This level and $61.6K should provide support, but these are the last two levels in the $60K handle. We do still anticipate Bitcoin to hold the $60K's, but if not, $59.4K is the next level if we break through to the $50K handle. If we catch a bit, $66.3K is the next target.
Note
Bitcoin presses lower. We are seeing some green triangles on the KRI suggesting support is forming. Watch for support at $62.4K as discussed in the report.
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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.