Bitcoin- price should stay above 63-63.5k zone
After the 10% sell-off from 2 days ago, Bitcoin consolidated yesterday and was trading in a tight range putting in a small Doji candle on our chart.
At this moment is imperative for bulls to keep the price above 63-63.500 zone and, as I said yesterday, price back above 66 will lead to a new leg up to 70k and above.
On the other hand, a daily close under 63k would signal a new leg of correction to the downside, but more importantly, can mean that 69 is an important top in medium-term
At this moment is imperative for bulls to keep the price above 63-63.500 zone and, as I said yesterday, price back above 66 will lead to a new leg up to 70k and above.
On the other hand, a daily close under 63k would signal a new leg of correction to the downside, but more importantly, can mean that 69 is an important top in medium-term
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