🔥 BTC – Is $70K the Target This Week?
The market is accumulating around $67K after Powell's speech. ETF inflows are steady.
👉 Bitcoin holders are holding tight — supply on exchanges has dropped to a 5-year low. History shows that accumulation like this often leads to a strong breakout.
Technical Analysis:
• Support: $66,500 (MA50)
• Resistance: $68,200 → $70,000
• RSI: 58 — still room for growth
✅ Keep a close eye on the $68,200 level — if we break through, $70K is just a matter of time.
⚠️ Risk: If we lose $66,500, we could test back to $64K.
🎯 Strategy:
Long entry: $67,000
TP: $69,500 / $72,000
SL: $65,500
#Bitcoin #BTC #Trading $BTC
The market is accumulating around $67K after Powell's speech. ETF inflows are steady.
👉 Bitcoin holders are holding tight — supply on exchanges has dropped to a 5-year low. History shows that accumulation like this often leads to a strong breakout.
Technical Analysis:
• Support: $66,500 (MA50)
• Resistance: $68,200 → $70,000
• RSI: 58 — still room for growth
✅ Keep a close eye on the $68,200 level — if we break through, $70K is just a matter of time.
⚠️ Risk: If we lose $66,500, we could test back to $64K.
🎯 Strategy:
Long entry: $67,000
TP: $69,500 / $72,000
SL: $65,500
#Bitcoin #BTC #Trading $BTC