Bitcoin (BTC) has lost momentum over the past two days, raising concerns among analysts, and traders. The leading cryptocurrency is currently trading sideways, lacking the strong volume needed to break through key resistance levels.
Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the $61,000 area.
The $63,000 price point has proven to be a significant hurdle for Bitcoin in recent weeks. Without a significant increase in trading volume, I believe a price correction towards the $61,000 support level is a strong possibility.
Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the $61,000 area.
The $63,000 price point has proven to be a significant hurdle for Bitcoin in recent weeks. Without a significant increase in trading volume, I believe a price correction towards the $61,000 support level is a strong possibility.
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Bingo. $61k area reached 🎯🎯🎯
Let's see how things look from here.
Let's see how things look from here.
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Struggling to breakout at resistance
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Is Bitcoin ready to fly from here?
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Breaking a red arc, heading to $64,100+
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Is this scenario going to work?
Will Bitcoin close above $64,600 to run upward or pull back to $57k?
Will Bitcoin close above $64,600 to run upward or pull back to $57k?
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The price reached $67,000 as indicated by the chart above. Will it break out from
67K
to ascend towards $71k, or will it retract back to the \$60k region?
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Approaching the $68,000 resistance zone (between $67,000 and $68,000), once it surpasses this level, we may see it reach $70,000 to $71,000.
What do you guys think?