What's next for BTC ? Two Scenarios

2024年7月23日

Scenario 1:
If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K.

Scenario 2:
If the current support zone fails to hold, the next support is around the 63K zone. This is a stronger support compared to the current one and is likely to hold as the overall sentiment is bullish. We can expect the price to consolidate around this zone, then bounce back and consolidate around the 65K resistance, and finally hit the target of 69K.

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Best Regards,
VectorAlgo

2024年7月25日

註釋

Scenario 2 is playing out

2024年8月1日

註釋

BTC moved exactly as per my analysis