Bitcoin price has returned to around $70,000, which is the highest level in the previous cycle and a strong support level, so a rebound is possible.
However, a head and shoulders pattern is forming. Any rebound could be just a temporary rise to around $90,000 to form the right shoulder before another decline.
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BasheerAlgundubi
· 7h ago
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If the price drops below $70,000, the next target will be between $49,000 and $58,000.
#BTCUSDT – High Probability Scenario
Bitcoin price has returned to around $70,000, which is the highest level in the previous cycle and a strong support level, so a rebound is possible.
However, a head and shoulders pattern is forming. Any rebound could be just a temporary rise to around $90,000 to form the right shoulder before another decline.
If the price drops below $70,000, the next target will be between $49,000 and $58,000.
#FedLeadershipImpact
#BTC #Bitcoin
$BTC