đ Bitcoin ($BTC ) Faces Indecision: Time is Running Out! âł
As Bitcoin breaks above $61,000, the calm in geopolitical tensions, particularly the Israel-Iran conflict, has offered a momentary boost. However, the next move for BTC remains uncertain, especially with the US presidential elections on the horizon, which could ramp up volatility. đ
The $60,000 region has been a critical support level, providing hope for investors, but increased tensions could jeopardize that stability. Currently trading at $61,256, if BTC dips below $60,000, we could see declines toward $56,602, $52,614, or even $50,580.
On the flip side, if the situation stabilizes, and BTC climbs above $63,000, we might witness an upward surge targeting $64,758, $67,091, $70,500, and even $73,684. Weekly closes above $70,500 would be pivotal for a renewed crypto rally! đ
Technical analyst Ali Martinez warns of a potential drop to $52,000 if the falling channel structure holds. The $58,000 - $59,000 zone is crucial; staying below this range could signal further declines.
Stay alert, traders! The next few days could be decisive for Bitcoinâs trajectory. đ
