#Bitcoin
Current view.
Friends, while $BTC continues to price below the downtrend from the 126K peak I mentioned in the quoted post, it has so far succeeded in holding the 62.5K horizontal support.
On the 4-hour chart, there's a notable possibility of a harmonic Bat pattern forming with a D leg target of 72.5K.
If this scenario plays out, BTC won't just work off the pattern target—it will also break the downtrend from the 126K peak to the upside.
However, current market conditions are quite stagnant and risk appetite is weak. So I think we need a positive catalyst for a strong move to reach 72.5K.
This catalyst could come from positive news flow on the US-Iran front or the macro side.
For now:
🟢62.5K support is holding.
🔴67.2K resistance needs to be broken.
🎯72.5K level should be watched as a potential Bat pattern target.
One eye on the news flow, one eye on the technical levels.
Keeping tabs.
DYOR
$BTC
