🟢 Bitcoin - What is happening:.$BTC
To be able to understand Bitcoin, we must first understand what the key resistances and supports for Bitcoin are.
- The most important support for the current period, as we discussed in the Wealth Accelerator community, is support between 68,000 and 67,000 US dollars.
- The most important resistance for the current period, as we talked about in the Wealth Accelerator community, is at 72,000 US dollars.
What happened recently:
If we look at the 4-hour frame, we will find that the method of trading Bitcoin on the 4-hour frame and even the daily frame is reaching the support completely and bouncing from it to reach the most important resistance. At the most important resistance, we found a complete rejection of the breakout, and Bitcoin could not break this resistance, and then we saw a significant shift in the volume from positive to negative.
This led to a sharp decline in Bitcoin, and with the strong selling pressure and the buying saturation that occurred on Bitcoin on the 4-hour frame, the most important support for the current period was broken, which became weaker over time due to decreased demand and the strength of sellers. This is what led to the strong candle we saw in the past hours.
The next and most important support for Bitcoin in the coming period is between 65860 and 64500.
Yes, this break could be false; there is a possibility, but we will confirm this during the upcoming weekly close, and then we will reassess, God willing.
There are more and more details and secrets behind the 4-hour chart that we will discuss during the upcoming live broadcast in the Wealth Acceleration community, God willing.
#BTC #Bitcoin #Binance #xrp #trump 
