Hello, traders! 🌴
Things are not looking great for Bitcoin at the moment. After another failed attempt to establish itself above 78,000 on Tuesday, price lost the 76,000 level on Wednesday and then broke below 73,700 on Thursday.
This was the exact scenario I had been highlighting almost daily since May 19:
⚰️ "A break below 76,000 would open the door for further downside toward 73,700."
Personally, I would have preferred to see consolidation within the 76,000–78,000 range. However, the market does not care about what we want to see. That is why it is important to always consider all possible scenarios.
For the bullish trend to resume, buyers need to reclaim and hold the key resistance levels:
✅ 73,700
✅ 76,000
If they fail to do so, the correction may continue toward the following support zones:
❌ 72,000
❌ 70,300
❌ 67,600
It is also worth keeping in mind that selling pressure could intensify into the close of Friday's trading session.
Stay strong 💪🌍
Things are not looking great for Bitcoin at the moment. After another failed attempt to establish itself above 78,000 on Tuesday, price lost the 76,000 level on Wednesday and then broke below 73,700 on Thursday.
This was the exact scenario I had been highlighting almost daily since May 19:
⚰️ "A break below 76,000 would open the door for further downside toward 73,700."
Personally, I would have preferred to see consolidation within the 76,000–78,000 range. However, the market does not care about what we want to see. That is why it is important to always consider all possible scenarios.
For the bullish trend to resume, buyers need to reclaim and hold the key resistance levels:
✅ 73,700
✅ 76,000
If they fail to do so, the correction may continue toward the following support zones:
❌ 72,000
❌ 70,300
❌ 67,600
It is also worth keeping in mind that selling pressure could intensify into the close of Friday's trading session.
Stay strong 💪🌍
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.