The next few days could be a key turning point for $BTC
Price is approaching two major levels that are only about 3% apart, and I think whichever one breaks first will likely set the tone for the next significant move.
On the downside, 59K continues to be the level bulls have defended. Every dip into that area has attracted buyers, and the pattern of higher lows is still holding.
On the upside, 60.7K has flipped from support into resistance. So far, every relief rally has struggled to break above it.
What stands out is that both of these levels line up with the boundaries of a symmetrical triangle. When key horizontal levels and trendlines converge like this, it often signals that a bigger move is getting close.
If Bitcoin breaks convincingly below 59K or pushes above 60.7K–61K, I expect momentum to pick up quickly in the direction of the breakout.
#DowHitsRecordClose
Price is approaching two major levels that are only about 3% apart, and I think whichever one breaks first will likely set the tone for the next significant move.
On the downside, 59K continues to be the level bulls have defended. Every dip into that area has attracted buyers, and the pattern of higher lows is still holding.
On the upside, 60.7K has flipped from support into resistance. So far, every relief rally has struggled to break above it.
What stands out is that both of these levels line up with the boundaries of a symmetrical triangle. When key horizontal levels and trendlines converge like this, it often signals that a bigger move is getting close.
If Bitcoin breaks convincingly below 59K or pushes above 60.7K–61K, I expect momentum to pick up quickly in the direction of the breakout.
#DowHitsRecordClose