Bitcoin at $63,000: Has the bottom been passed or are we flying lower? 📉🤔
Dear traders, we are observing another wave of volatility!
Bitcoin (BTC) is once again showing weakness, testing the $63,000 zone. The chart clearly shows selling pressure, and the moving averages (EMA) are currently acting as resistance.
What we have at the moment:
Support: The psychological level of $60,000 remains the main barrier. If we can't hold it — we may see a 'march' even lower.
Resistance: For a local reversal, the bulls need to bring the price back above $66,000–$68,000.
Sentiment: The market is tense, many are waiting for a resolution in the coming days.
Your forecast for the near future:
🚀 — The reversal is starting, this was a great entry point!
🐻 — The decline will continue, I expect Bitcoin at $58,000 and below.
⏳ — We will enter a long sideways trend (flat) and will gather strength.
Share your opinion in the comments! Where are we heading? 👇👇👇
#BTC #Bitcoin #Trading #crypto #BinanceSquare
