[2] π Deep, down and lowβ¦On June 25, the price of Bitcoin (BTC) dropped significantly to around 58,450. However, it bounced back strongly, reaching a high of about 61,600. Currently, digital gold is facing resistance and is starting to fall again. According to q4yrf4 analysis, BTC is clearly in a downward trend. The price has fallen below the 50-day moving average, and the 10-day moving average has crossed below the 20-day moving average, creating a pattern known as a "death cross." Now, it's important to watch the 61,600 resistance level. If the price can't break above $61,600, it will likely continue to go down. Suggestion: if the BTC hits resistance between $61,000 and $61,600, consider selling, with a target between $59,500 and $60,000. On June 26, BTC fell below it after breaking through the $61,600 resistance level. The strength of the rebound has weakened, making it unlikely for the price to reach a new high. |
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