🚨📉 𝗕𝗧𝗖'𝘀 𝗡𝗘𝗫𝗧 𝗠𝗢𝗩𝗘: 𝗔𝗧𝗛 𝗼𝗿 𝗗𝗥𝗢𝗣‼️

If we look from the perspective of the 1D chart of $BTC , it once tried to break the support that was previously a resistance around 71,450. However, remember that this is an old, weak support for now. Since the entire market is in a state of greed, this support is considered a weaker one in my opinion. If we take things from this perspective, there are a lot of chances in the next 8 hours that BTC will create a new all-time high (ATH) by successfully breaking 73,750. However, as soon as it creates an ATH, a correction is likely to happen right after that moment because the sellers at 73,000 are much larger than we can even imagine.

In the alternative scenario, if BTC breaks the support of 71,450, meaning if it closes a candle below that level, it's likely that BTC will head towards 58,600. If you think that’s too far down, consider that, according to the US elections, we can expect volatility rather than a sharp increase. For instance, if Trump wins, don’t expect BTC to jump to 100k; that's a baseless target. It will take time. It’s not as if Satoshi will reveal his identity on US election day, and you’re creating hype around that. That’s just hype. I’m not saying it won’t impact the cryptocurrency cycle, but we won’t see big green candles immediately after the results or rumors of Trump winning spread!

Moreover, 58,600 is just an analysis based on what the chart is showing. Before that, 61,500 is a support level, followed by a weaker one at 64,260, then 68,900, and a strong support at 66,550.

#BTCBreak71K #BTC1D #USADPSurges #EmperorMajesty #bitcoinnewsupdate