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Bitcoin has shown a consistent climb in weekly highs since January 28, with a 10% pullback in the last 7 days. Analysts predict consolidation around $59-62K levels. Despite recent corrections, optimism remains high for Bitcoin's price, with expectations of surpassing $70K soon. Technical analysis suggests key resistance levels at $65K and support at $58K. Traders are closely monitoring price movements for potential bullish momentum towards new all-time highs.
Fairly clean path for #bitcoin. #FOMC strength could mean lows on 60-day timeframe. If a move lower still to come, this tag of 10dma is where it turns to lower low. Structurally better if it does for bull market sustainability. Otherwise close >$70k likely go go go time https://t.co/cIXzVupbyE
Some key levels I was watching as #Bitcoin dipped - looks like we're testing the top band atm Upside could be strong if it holds IMO and then breaks the short leverage at $68.4k https://t.co/68EoJuTPw5 https://t.co/ZykJoBpZom
$BTC based on 4H close & 1D close here, $68K - $69K is where bullish momentum will be significantly important which will determine new ATH prices else $66K - $65.5K is a bid with spot demand $BTC 4H $BTC 1D https://t.co/svfsqNQIdc