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Important Weekly Update on Bitcoin.

BTC Update in Weekly Timeframe.

Chart Analysis Date: June 27, 2024
Pair: BTC/USDT (Binance)
Timeframe: 1W (Weekly)
Current Price: $61,125.21

Analysis:

BTC/USDT is maintaining the 60k to 61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of 44k to 47.5k.

Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near 100k within this year.

Key Observations:

~ Current Support: 60k to 61k.
~ Lower Support: 44k to 47.5k.
~ Price target by 2024: 100k.

Conclusion:

BTC must maintain the 60k to 61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction.

Eventually, BTC will rally 100k soon.

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Regards,
Team Dexter.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.

#BTC #cryptocurrency