$BTC rebounded late Monday as traders continue to digest the prolonged U.S-Iran conflict. Bitcoin managed to increase by 4.91% over the last 24-hours to $74,419 during the #Asianmarket opening.
Following the offsetting weekend losses, #BTC dropped to $70,600 support, after a failed peace talk in Pakistan over U.S-Iran conflict.
Technically speaking, Bitcoin still remains on the bullish bias, which signals a market that is gradually trending lowers.
At the time of writing Bitcoin is trading at $74,536, with immediate resistance lying at 75k. A close above 75k, would trigger buyers to our TP at $76k, which act as a major resistance zone.
Key Areas
🎯Resistance: 75k-76k
🎯Support: 70k
BTC
80,777.44
+0.59%