Will BTC revisit 65k?
BTC once showed a strong rebound at 56k, seemed to continue its rise, and appeared poised to break out of the range high. However, it now seems as if this attempt has failed and is proving to be merely a retest of the resistance level.
If we think step by step, when BTC breaches the upward trendline, the next logical target would be 65.5k. There is also a level at 63.9k slightly below, which is likely recognized by a downward trendline (green).
Currently, it doesn't seem to be so fair to expect it to break through these levels in one go. However, if BTC revisits those levels, it would be no surprise that the low at 56ks is tried again.
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