Bitcoin Market Analysis
Currently, Bitcoin held at $60K, surged to $64K, then dropped back to $62K, and is now slowly rising again.
On higher time frames, Bitcoin looks bearish, as it formed a lower low around the $64K mark. Thereâs still a fair value gap near $56K that needs to be filled. Even if Bitcoin climbs above $64K, it may drop again to fill the gap around the $65,300 level. This could offer an opportunity to recover losses if youâre shorting from $63K.
On lower time frames, Bitcoin is moving upwards after using $62K as support. I expect a false breakout above this consolidation zone between $62K and $62.6K to grab liquidity, before moving down to form a lower low.#Write2Earn! #writetowin #Write2Earn! #writetowin #Write2Earn!
