By analyzing the #Bitcoin chart on the weekly timeframe, we can see that despite several sharp moves in both directions, price continues to show strong retention at higher levels. Bitcoin is currently trading around $64,700 and buyers are still preventing any deeper bearish continuation.
In my view, as long as BTC remains firmly above the psychological $60,000 level, the probability of another bullish expansion remains high.
The nearest demand zones are located around $62,000 – $63,500, followed by stronger support between $58,000 – $60,000. On the upside, the closest supply zones are around $65,500 – $67,000, followed by $68,500 – $70,000 and the stronger resistance area between $72,000 – $74,000.
If buyers maintain control, the next upside targets to monitor are $66,000, followed by $69,000, then $72,000, $74,000, and potentially $78,000 if bullish momentum continues.
For now, Bitcoin’s ability to keep returning to higher prices remains a positive sign, and my short-term and medium-term bias remains bullish.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
In my view, as long as BTC remains firmly above the psychological $60,000 level, the probability of another bullish expansion remains high.
The nearest demand zones are located around $62,000 – $63,500, followed by stronger support between $58,000 – $60,000. On the upside, the closest supply zones are around $65,500 – $67,000, followed by $68,500 – $70,000 and the stronger resistance area between $72,000 – $74,000.
If buyers maintain control, the next upside targets to monitor are $66,000, followed by $69,000, then $72,000, $74,000, and potentially $78,000 if bullish momentum continues.
For now, Bitcoin’s ability to keep returning to higher prices remains a positive sign, and my short-term and medium-term bias remains bullish.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
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⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.