$BTC I guess BTC longs are waiting at 61.6k | Alex Atashkar on Binance Square

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$BTC I guess BTC longs are waiting at 61.6k

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$BTC Bhutan's significant move of 367 BTC to Binance is sparking debates over governmental Bitcoin trading strategies. #watchout

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$BTC Bitcoin is currently facing two significant resistance zones that could impact its upward momentum. The first major selling zone is around the $90,000 mark, which presents substantial selling pressure. However, an even stronger resistance level awaits at approximately $103,000, which I believe will be the heaviest hurdle for Bitcoin’s price to overcome. As we approach these critical levels, it’s essential to remain cautious. It’s always wise to secure profits incrementally rather than holding out for an ideal peak. Overconfidence and greed can be detrimental, as we saw in 2021 when many held onto their assets too long, hoping for even higher returns, only to face sudden drops when the market turned. The key is to approach this rally strategically, taking profits along the way to protect gains and avoid potential losses if the market shifts unexpectedly. #WillBTCBreak100KSoon

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$BTC BTC has retraced to the 0.618 Fibonacci level, often referred to as the "golden pocket," following its recent bullish breakout. This level typically serves as strong support and could signal potential for a further upward move. However, no clear bullish reversal pattern has emerged at this stage, suggesting that while there is potential, confirmation of a sustained upward trend is still needed. #BTC☀

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$BTC Many are predicting the market will drop, but I see things differently. Yesterday, I highlighted a falling wedge pattern, and after breaking the $61,980 to $62,380 range, it confirmed a bullish trend. We hit $64,420 before pulling back to the same range, which is expected due to recent consolidation. Despite talk of a decline, I remain confident in my analysis and believe we’ll see an uptrend soon. The current market signals are fake breakouts designed to trap traders, but buyers are active, and the bullish move is on the way. Disclaimer: This is not financial advice; confirm trends before trading.

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