📊 $70,000 – $69,200 = Pivot Support
Holding above this area was a key support level, and consequently, I felt the price was in a strong position.
The daily and weekly countdowns above this level could not be interpreted as a sign of continued support towards:
🎯 $76,000 – $80,000
But unfortunately…
❌ This important level has been broken.
Now, the price is in the last area that might support the market:
📍 $67,500 – $68,000
This is currently the last line of defense for buyers.
⚠️ Any daily close below $67,500 could trigger a sharp and volatile downtrend for Bitcoin.
📉 If we manage to hold this area for at least a week, we could see a drop to:
🎯 $50,000 – $47,000
BTC
67,395.55
-0.86%