Bitcoin in Shorter Timeframe.
Updated
Bitcoin Update:
There was a nice 12% bounce back from the support line, reaching to 68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at 67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The 60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
There was a nice 12% bounce back from the support line, reaching to 68.2k, but it's still not good enough to break the ceiling. BTC's daily close was at 67.8k, and the daily opening began with a rejection.
BTC must break the resistance to continue the rally. The 60.8k level remains a valid support if BTC experiences rejection.
Note: This content is for educational purposes only and is not financial advice.
Note
#BTC failed once again.
With the current rejection from 68.2k, BTC is finding its support between 60.8k to 63k. Holding these levels is crucial for BTC if not then the correction phase will likely continue.
Trade safely.
#BTC #Cryptocurency
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