Bitcoin is showing a "relief bounce" after a heavy liquidation event. It is currently battling the 50-day moving average. Entry Price: $69,500 Take Profit 1: $71,200 Take Profit 2: $74,800 Stop Loss: $65,800 Analysis: BTC is in a recovery phase. If it holds $68k, we expect a retest of the $71k resistance zone. $BTC #GateSquare$50KRedPacketGiveaway
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Bitcoin (BTC)
Bitcoin is showing a "relief bounce" after a heavy liquidation event. It is currently battling the 50-day moving average.
Entry Price: $69,500
Take Profit 1: $71,200
Take Profit 2: $74,800
Stop Loss: $65,800
Analysis: BTC is in a recovery phase. If it holds $68k, we expect a retest of the $71k resistance zone.
$BTC #GateSquare$50KRedPacketGiveaway