BTC: The struggle is real.

18 jul#BTC is unable to break above the 65K resistance. Yesterday, we saw BTC reaching as high as 66k, but eventually, the daily close happened below 65k.

As I mentioned earlier, if BTC fails to break and close above the 65K resistance, we are likely to see a rejection soon. On the other hand, a successful break and close will once again test the 70k resistance trendline.

Be cautious and trade safely.

Not financial advice.

Regards,
Team Dexter.

#Crypto

20 jul

Comentarios

#BTC Update:

Finally! We saw a daily close on BTC at 66.6k, which is above the resistance trendline. This indicates a possible move towards a higher resistance level at 70k.

Now, here's the real question:

Are we going to see BTC hitting its all-time high?

Yes, it is likely possible, but before we jump to any conclusion, let us try to understand the chart briefly.

After this breakout and close, the initial support for BTC is at 65k. The resistance at 70k is strong and presents a real challenge for BTC to break through.

If we check the price range, from the 53.5k bottom, BTC is already up by around 26%. To hit the all-time high range, BTC needs an 11% rally.

Final verdict:

BTC is likely to hit the 70k range, and after that, we will have to see a breakout and close above the resistance trendline in the daily chart. For now, aim for 70k with the support at 65k.

Thank you for reading.

Trade safely.

Regards,
Team Dexter.

#BTC