#Bitcoin
Has the dip ended?
Has $BTC really turned around and started to pump again?
Do you guys remember the support zone at 75K I've been mentioning lately? Today, BTC dipped below that area with a wicked candlestick and quickly bounced back above 76K.
The main reason is the positive news between the US and Iran, which has helped stabilize market sentiment ๐
However, remember that:
This is still just talk, nothing is set in stone. Tomorrow could easily bring news that flips the market again.
From a technical standpoint, even though the price has reclaimed 75K and 76K, it's still moving below the mid-channel area on the chart.
In summary:
๐ข Positive news
๐ข Good price reaction
๐ข Support is holding steady
Everything looks pretty goodโฆ but it's not time to get complacent.
If the upward trend continues, the next targets will be:
๐น84.5K
๐น98K
Important support zones:
๐ธ76K
๐ธ75K
๐ธ72K
Keep an eye on it ๐
Has the dip ended?
Has $BTC really turned around and started to pump again?
Do you guys remember the support zone at 75K I've been mentioning lately? Today, BTC dipped below that area with a wicked candlestick and quickly bounced back above 76K.
The main reason is the positive news between the US and Iran, which has helped stabilize market sentiment ๐
However, remember that:
This is still just talk, nothing is set in stone. Tomorrow could easily bring news that flips the market again.
From a technical standpoint, even though the price has reclaimed 75K and 76K, it's still moving below the mid-channel area on the chart.
In summary:
๐ข Positive news
๐ข Good price reaction
๐ข Support is holding steady
Everything looks pretty goodโฆ but it's not time to get complacent.
If the upward trend continues, the next targets will be:
๐น84.5K
๐น98K
Important support zones:
๐ธ76K
๐ธ75K
๐ธ72K
Keep an eye on it ๐