🚨$BTC BTC Price Alert: Key Levels to Watch! 📉🔥
As mentioned in my previous post, Bitcoin has been on a steady decline, heading toward the critical $65K level. And now, it's confirmed on the 1-day chart: BTC is at a pivotal stage, breaking multiple support levels but still holding strong. Let me explain why BTC’s current state is more bullish than it looks! 👇
Why Is BTC Not Crashing Hard? 🤔
Technically, BTC could have dropped sharply, but what’s surprising is that the descent toward $65K - $63K has been slow and steady. It’s been dipping, pumping a little, and dipping again — a pattern that suggests strong buyer interest even in this correction.
24-hour volume has dropped to $27B, a 50% decrease compared to last week. Yet, BTC isn’t plunging like expected. Why? Because many buyers are waiting for the FED's 5% rate cut approval! Once that happens, we could see a buying frenzy, pushing BTC up by 8% or more.
The Big Picture: $65K - $63K Buying Zone 🚀
Despite the dips, BTC remains in a healthy buying zone between $65K - $63K. If BTC holds above these levels, it's a solid opportunity to open long positions and target the next major resistance at $73K+. Don’t get emotional—this is where patient traders win!
Key Levels to Watch:
Major Support: $66,500, $65,500
Major Resistance: $67,100, $68,000
BTC is showing resilience, and the next move could be a game changer. My chart analysis also shows the next pattern forming into an "M," indicating we could be on the verge of a massive move upward! 🚀
📈 Pro Tip: Keep an eye on those support levels and ride the wave when the pumps begin.
Next up: I’ll break down my analysis of Solana and BNB—with Solana looking bullish while BNB continues its downward slide. Stay tuned for the details!
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