Is $BTC Bitcoin Range Bound?

٢٨ يونيو ٢٠٢٤

BITCOIN price action has established a range!
Current price: 61400

Previously BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area.
It is fair to state that Bitcoin's established RANGE lies between 60600 - 71500

For alts to rise to higher prices, then bitcoin needs to remain in this range: No breakout of the range or breakdown from the range...

Support at 60600 is a very key to watch! If #BTC loses this support then a Worst case scenario will play out: Bitcoin loses the range and seeks lower supports down to 49,700

Best case scenario for bitcoin price action is to remain in range until a time when it can break the 71500 top resistance to reach higher prices.


Current Resistances (within Range): 62400, 64300, 67000, 69800, 71500
Supports below Range: 57900, 54500, 52200, 49700

٢ يوليو ٢٠٢٤

ملاحظة

BTC still holding strong support around 60600 Current Resistances (within Range): 62400, 64300, 67000, 69800, 71500)

٤ يوليو ٢٠٢٤

ملاحظة

BTC has finally lost the support of the range... down from here! Supports below Range: 57900, 54500, 52200, 49700

٨ يوليو ٢٠٢٤

ملاحظة

BTC price action found resistance around 57900...
If 54500 cannot hold then expect 52200