Hello and peace be upon you, and happy Friday!
:Bitcoin Update on the Daily Chart
The price is currently trading at $72,753 and is tactically heading towards testing the lower liquidity levels.
The $70,000 level is the critical threshold as I mentioned in my previous post. If it bounces back and reacts to it: the negative analysis is completely invalidated and we revert to a bullish scenario as illustrated in (the upward stocks). However, if it breaks below and settles underneath: breaking the $70,000 mark is a disaster for the market and we will head straight to new lows at the $60,000, then $52,000, and $49,000 levels to clean up liquidity in (the downward stocks).
And don’t forget that sticking to your strategy and managing risk intelligently is the foundation of success in the market right now.
$BTC
#BTC
#btc70k
:Bitcoin Update on the Daily Chart
The price is currently trading at $72,753 and is tactically heading towards testing the lower liquidity levels.
The $70,000 level is the critical threshold as I mentioned in my previous post. If it bounces back and reacts to it: the negative analysis is completely invalidated and we revert to a bullish scenario as illustrated in (the upward stocks). However, if it breaks below and settles underneath: breaking the $70,000 mark is a disaster for the market and we will head straight to new lows at the $60,000, then $52,000, and $49,000 levels to clean up liquidity in (the downward stocks).
And don’t forget that sticking to your strategy and managing risk intelligently is the foundation of success in the market right now.
$BTC
#BTC
#btc70k