$BTC 🪙#BTC

Bitcoin has fully broken below the 4-hour Ichimoku Cloud and moving averages.

❗️ It's important to note that the last time the MA200 was broken from below was in February of this year, after which the price surged from 42K to 74K.

Therefore, breaking below the MA200 may not be the best signal for further movement.

In the near future, we can expect a retest of the broken supports within the range of 67.5K - 68.5K, where we need to watch the strength of the sellers.

If confirmed, the decline will continue towards the main support around 60K.

📈However, if the retest proves unsuccessful for the seller and BTC manages to break back above 68.5K, there will again be a chance for continued growth and liquidity gathering around 75K.

Bitcoin dominance: 53.83%;

Fear and Greed Index: 71 (Greed);

Altseason Index: 47;

Market capitalization: $2.411 trillion.