Random thoughts on cryptocurrencies, Bitcoin, and market behavior. I don’t post very often, but when I do, it’s about something that caught my attention
#BTC Against the backdrop of news about the de-escalation of the U.S. in Iran, the market has slightly exhaled. However, the situation remains tense, and the risks are high. The price bounced off the support level of 67300 and returned above the psychological level of 70000. It is currently trading around 71300, with a resistance zone at 71800; nevertheless, globally, Bitcoin remains in tight embraces with #berish , the price is 22% below its 200-day moving average.
BTC has approached a heavy resistance zone of 71500-74500, and if it does not consolidate on the daily candle within this range, the current momentum may quickly drown.
The price increase without a corresponding rise in trading is a warning bell, indicating that large players #WhaleManipulation are not yet ready to support this rally.
The key point for canceling the positive scenario is 66400, and the expected landing is down to 60000.
#BTC $BTC bitcoin 65k? we are waiting for resistance tests, the next few days will see a wave of liquidations, shaking out greedy positions, what do you think?