BTC got stuck at $64k.
Hello traders,
Here's a quick update on BTC in the 2-hour timeframe.
BTC recently rallied up to
65K and formed resistance at 64.4k. So far, BTC has maintained support at 63.9k and is continually attempting to break above the resistance.
The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment.
BTC needs to break above the 64.4k resistance to continue the rally. A rejection will likely pull the price down to 61.5k, where we have a support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter.
Here's a quick update on BTC in the 2-hour timeframe.
BTC recently rallied up to
65K and formed resistance at 64.4k. So far, BTC has maintained support at 63.9k and is continually attempting to break above the resistance.The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment.
BTC needs to break above the 64.4k resistance to continue the rally. A rejection will likely pull the price down to 61.5k, where we have a support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter.
Note
BTC Update:
The yellow resistance line at 64.4k remains strong for BTC; currently, we see rejection in the price action. We expect the 61.6k support to hold, followed by a rebound.
The lower support trendline at 60k can also be considered.
Trade safely.
#BTC #cryptocurrency
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