Bitcoin has made a strong rebound from the important support area between $65,000 and $66,000, which is the area where buyers appeared strongly and prevented the price from falling further. This rebound indicates that this area still represents strong demand in the market.
Currently, the price is trying to execute a new breakout upward after recovering from the recent drop. If Bitcoin succeeds in maintaining the price above the $70,000 level during the retest, it is expected to target the areas of $74,000 to $76,000, and the rise may extend later towards $80,000 if the buying momentum continues.
As for the negative scenario, if the price breaks below the $70,000 level and fails to hold above it, the market may return to test the previous support area between $66,000 and $65,000 again.
Conclusion:
The market is now in a phase of determining direction; holding above $70,000 supports the rise, while breaking it may retest $66,000.
#JobsDataShock #RFKJr.RunningforUSPresidentin2028 #Trump'sCyberStrategy #IranSuccession #Web4theNextBigThing?
$BTC $ETH $BNB
Currently, the price is trying to execute a new breakout upward after recovering from the recent drop. If Bitcoin succeeds in maintaining the price above the $70,000 level during the retest, it is expected to target the areas of $74,000 to $76,000, and the rise may extend later towards $80,000 if the buying momentum continues.
As for the negative scenario, if the price breaks below the $70,000 level and fails to hold above it, the market may return to test the previous support area between $66,000 and $65,000 again.
Conclusion:
The market is now in a phase of determining direction; holding above $70,000 supports the rise, while breaking it may retest $66,000.
#JobsDataShock #RFKJr.RunningforUSPresidentin2028 #Trump'sCyberStrategy #IranSuccession #Web4theNextBigThing?
$BTC $ETH $BNB