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Bitcoin Under Pressure: Analysis and Investment GuidelinesBitcoin price (BTC) faced difficulty rising above the $65,000 level, leading to its decline below the support level at $63,500. There was a continuous decline until the price reached a bottom at $62,700. This decline can be attributed to several factors, including profit-taking by investors and some negative news in the market. Technical indicators point to a clear downward trend as Bitcoin is currently trading below the $63,500 level and the 100-hour simple moving average. The bearish trend line connected with resistance at $63,600 indicates that recovery may be limited in the near term. If the price attempts to recover, it may face strong resistance at the levels of $63,550, $64,000, and $64,500. Surpassing these levels may pave the way for a stable increase that could reach $65,500 and even $66,200. On the downside, immediate support is near the $62,700 level, followed by $62,200, and then $62,000. Any break below these levels could lead to a further decline to $61,200. Investment Recommendation In the short term, Bitcoin is facing strong downward pressure. Investors should closely monitor support levels. If the support level at $62,700 is broken, there may be further decline, providing a buying opportunity at lower levels. Despite the current decline, Bitcoin still holds strong potential in the medium and long term. Current price levels may be a good entry point for investors looking for long-term investment, especially if they are willing to endure some market volatility. Investment Strategy 1. Short-term investors: They can wait for the break of key support levels like $62,700 and $62,000 to enter buy positions at lower levels, or wait for the break of resistance levels at $64,500 to confirm the upward trend before buying. 2. Long-term investors: They may consider the current declines as a good opportunity to buy gradually over different time periods (dollar-cost averaging) to take advantage of lower prices. I repeat an important point from a previous article: I expect Bitcoin's price to rise by 30% in July, surpassing $85,000, despite the current technical indicators leaning towards a downward trend. Therefore, if you are considering investing in Bitcoin, now may be a good time to consider buying, especially if you can withstand the volatility and have a long-term outlook. It is advisable to regularly reassess positions and take advantage of any significant price movements to take profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
BTC's next move?#Bitcoin 💸 is going to do something significant on June 22nd June 22nd is a Gann date, but according to me, it's a time when nothing significant happens immediately. However, days or weeks after it, the price tends to gain some real direction. The 22nd of June itself is not the reason for this movement; there are multiple other factors on the chart indicating the next significant direction. This 22nd-24th of June looks bullish. It will pump this time, and I will show the reasons...
by GoldenTrades_
BTC (DO OR DIE SUPPORT)BTC / USDT After many liquidation cascades in last few days BTC has reached one of most important support in this boring range (109 days !) The level between 66k-64k is considered to be the mid line support of the big channel 1- If it hold above …A new bullish wave will form and may be even a new ATH 2- If it failed to hold … the price will drop to test the bottom of the channel again In times like this i call this support is the do or die support What do u think about BTC next ? Share with us in comments below ⬇️
by Babenski
6
BTC Could take a pullback (5000 pts downside)BTC level of 69000 round level could be crucial there we have two condition on both sides but the down the side has more space to move and get more liquidity (4000-5000) whereas the upside has only 2000 pts space the favourable sides happens to be pullback and trade on reversal because once the price crossed above 69000 then soon after there will be resistance of trend line 64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
by Jimmy_Rebello
2
#BTC sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown. Enjoy your weekend. I'll be here if anything important comes up. Have a great time! Do hit the like button if you like my updates and share your views in the comment section. #PEACE
by Cryptorphic
4
#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a potential shift in market sentiment. If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support. Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00. This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction. Traders should closely watch the interaction with the 50 SMA to gauge potential price movements. FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider: HTF: - ETF Approved ✅ - Halving ✅ - Petro dollar expiry with no renewal ✅ - US presidential candidate endorses crypto ✅ - Daily bullish divergence holds for BTC ✅ LTF: - Liquidity taken below ✅ - CPI fell and rates reduced ✅ - PPI fell and rates reduced ✅ Reason for Further Down HTF: $100k charts everywhere but without any pullback! There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish. The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed. A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled. So, even with positive indicators, remain cautious. Avoid FOMO for your own sake. It's better to keep cash (At least 40% in USDT to buy Alts at cheap). This is the kind of decisions we didn't see in previous bull runs! Remember that? I hope this post helps you. If it did, please hit the like button and share your views in the comment section. Thank you #PEACE
Short
by Cryptorphic
3
BTCUSD: High chance to see 75k+ soon. Here's why!Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSDLong
by Yelli_trades
7