Bitcoin was bottomed out around 60200 yesterday, and today it successfully pumped up to the take-profit level around 61800, gaining 1500 points. Still, I jumped in a bit too early; I thought it would cap out around 60000, but it dipped down to 59000.
#BTC Currently, Bitcoin is struggling to break above 62000 where there’s resistance. I mentioned this in last night's stream. Today, during the day, I anticipate a bounce around 62000, but if it can't break through in the short term, we might see a pullback. However, this pullback is still within normal limits. Keep an eye on the 61000 level throughout the day; if we break below 61000, it could be tough to push higher. Breaking through 62000 will be challenging, as there’s resistance at 62000 and 63000 above. For Bitcoin to continue its upward movement, it needs to break above 63000 and hold that level to start looking bullish in the long run.
#BTC Currently, Bitcoin is struggling to break above 62000 where there’s resistance. I mentioned this in last night's stream. Today, during the day, I anticipate a bounce around 62000, but if it can't break through in the short term, we might see a pullback. However, this pullback is still within normal limits. Keep an eye on the 61000 level throughout the day; if we break below 61000, it could be tough to push higher. Breaking through 62000 will be challenging, as there’s resistance at 62000 and 63000 above. For Bitcoin to continue its upward movement, it needs to break above 63000 and hold that level to start looking bullish in the long run.