btc 7/7/24

7月7日

out look for this week till the news drop .
technical analysis.
Price Movements: Bitcoin’s price has seen a notable decline, dropping below $54,0001. This drop follows a period of high volatility, with prices fluctuating between $53,500 and $57,0002.
Market Sentiment: The recent sell-off has been attributed to various factors, including large movements of Bitcoin from Mt. Gox, which has raised concerns among investors3. Additionally, there has been a broader market correction affecting cryptocurrencies4.
Technical Analysis: Analysts are watching for potential support levels around $54,000, but there is no clear confirmation of a bottom yet1. Some believe that Bitcoin may resume its uptrend soon, potentially catching up with gold’s performance.

on todays date btc is at 57222, on my technical terms if btc breaks 58919 it should continue up till weekly open at 63000. on the other side if bull doesn't break 59465 and reject the market we might see market going back to fill in the correction 52900 or lower.