๐จ Market update- ๐
After a strong open to the US session yesterday, Bitcoin tested $70k but gave an aggressive rejection from this level which was also the Previous Week High. $69.2k (2021 ATH) is now 4hr resistance with 4 consecutive candles testing and closing below this level. A strong sell-off this morning, with the Middle East situation continuing to escalate, but at the last 4hr close $66.9k (Monthly Open) was respected. As long as this holds, we can see a push back for BTC to test the $69k area.
If we start to see acceptance below $66.9k (Monthly Open), then I expect $65.7k (Weekly Open) to $65.2k (Monday Low) will be tested soon after. We are also seeing the US Dollar gaining alot of strength which is not great for Bitcoin short term.
The Monday Range this week is $65.2k - $70k.
$BTC
$ETH
$BNB
#CryptoDawar #BTC #USCitizensMiddleEastEvacuation #XCryptoBanMistake #TrendingTopic
After a strong open to the US session yesterday, Bitcoin tested $70k but gave an aggressive rejection from this level which was also the Previous Week High. $69.2k (2021 ATH) is now 4hr resistance with 4 consecutive candles testing and closing below this level. A strong sell-off this morning, with the Middle East situation continuing to escalate, but at the last 4hr close $66.9k (Monthly Open) was respected. As long as this holds, we can see a push back for BTC to test the $69k area.
If we start to see acceptance below $66.9k (Monthly Open), then I expect $65.7k (Weekly Open) to $65.2k (Monday Low) will be tested soon after. We are also seeing the US Dollar gaining alot of strength which is not great for Bitcoin short term.
The Monday Range this week is $65.2k - $70k.
$BTC
$ETH
$BNB
#CryptoDawar #BTC #USCitizensMiddleEastEvacuation #XCryptoBanMistake #TrendingTopic