Key Levels to Watch for Bitcoin’s Bullish Confirmation**
#BTCanalysis #BTCbullish #Write2Earn! #BinanceSquareFamily #BTCbulls
Bitcoin's market strategy hinges on weekly close confirmations. A close above **$75,000** on the weekly timeframe signals entry into a strong bullish zone.
Traders should watch the following crucial support levels during retracements to maintain bullish momentum:
1. **$74,000** — March 2024 High.
2. **$70,000** — Psychological level, marked by July 29 High.
3. **$64,000 - $69,000** — 2021 ATH range and Daily MA200.
If Bitcoin sustains above these levels post-breakout, resistance will turn into robust support, affirming bullish sentiment. Conversely, failure to close above **$75K** could trigger a bull trap, leading to potential lower lows and bearish momentum.
Conclusion & Advice :
For long-term strategies, these levels remain key regardless of short-term movements. A close above **$75K** validates the bullish trend, while a reversal below signals caution. Investors should stay vigilant and adapt based on confirmed weekly closings to avoid false signals.