On the 4-hour chart, as you can see, Bitcoin's price faced some demand after ranging and minor fluctuations around the $53,700 level. Following the break above the $60,000 channel, it managed to grow by almost 20% to the $65,000 range.
Currently, it is trading around $64,400. My expectation for Bitcoin is that it could grow to the 66,700–67,500-dollar range. If we see weakness in the candles and confirmation of resistance around the crucial 67,500-dollar level, we might witness consolidation and a correction. To better understand the ongoing trend, we should observe how the price reacts to these key levels. If it encounters demand and manages to break through the significant 67,500-dollar mark, the next target could be around 69,500 dollars.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions. Happy trading!✌😎
If you have any questions or need further clarification, feel free to ask. I’m here to help!✌
If you found my analysis helpful, please show your support by liking and commenting. Thank you!🙌
Currently, it is trading around $64,400. My expectation for Bitcoin is that it could grow to the 66,700–67,500-dollar range. If we see weakness in the candles and confirmation of resistance around the crucial 67,500-dollar level, we might witness consolidation and a correction. To better understand the ongoing trend, we should observe how the price reacts to these key levels. If it encounters demand and manages to break through the significant 67,500-dollar mark, the next target could be around 69,500 dollars.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions. Happy trading!✌😎
If you have any questions or need further clarification, feel free to ask. I’m here to help!✌
If you found my analysis helpful, please show your support by liking and commenting. Thank you!🙌
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.