Bitcoin on a Tightrope: Tumble Below $61,000 or Find Support?

Apr 17, 2024

Bitcoin is currently hovering around $62,850.

If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.

The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.

DYOR before trading and investing!

Apr 18, 2024

Note

I'm anticipating that next week is going to be a big drop (due to the 4th Bitcoin Halving and Bitcoin ETF heavy outflow), probably $57,000 to $55,000 (also might be $51,000)
or
if this B. halving brings positivity, it will bounce from here to $65,500 and more upward.

Apr 19, 2024

Note

Within a 4-hour timeframe, Bitcoin encountered a resistance level of $65,500 as previously mentioned.

On a daily timeframe, a closing price above $65,500 is necessary for Bitcoin to reach the range of $67,700 to $70,000 potentially.

Apr 23, 2024

Note

In the weekly timeframe, it is crucial for Bitcoin price to close above the $64,200 level to maintain its current momentum. Failing to do so could lead to a significant decline.
On the other hand, a sustained close above $67,500 would signal a continuation of bullish momentum.

Apr 25, 2024

Note

In the weekly & Monthly timeframe charts, Bitcoin price shows a decline could you be playing the 60k - 50k area

Apr 26, 2024

Note

In a daily timeframe - the price could fall to $60,814