Cryptolean Bitcoin BTC Update
Bitcoin found a support at $64,360 and is having a bullish pullback, however IMHO, it is temporary.
Below $69,654, BTC will be under bearish pressure.
A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920.
Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353.
Intraday Chart
Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory.
A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy.
A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support.
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Below $69,654, BTC will be under bearish pressure.
A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920.
Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353.
Intraday Chart
Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory.
A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy.
A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support.
Like once read!
Thank you.
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