BTCUSDT $66800 Weekly Update #16: Bounced off of Support at 60k
BTC hit the last month's low at 60k and bounced back up above its 3D 21ema.
The 3D rsi also found support at 50level as anticipated previously.
Now, market could be potentially consolidate till end of month.
However, if downside volatility picks up again, bulls must defend the 60k zone to avoid the M and the 2M cycle to below below it.
As of now, the macro Cycle is still bullish and could stay this way for the next 12M, which would basically replicate the previous Cycles: Peak/Crash 12M after the halving Cycle.
Therefore, 60K and or the D100EMA will remain the main support for now specially in this early Q2.
The next MAJOR Targets ONCE $80k is taken out are:
$98,000-107,000
$137,000-150,000
The 3D rsi also found support at 50level as anticipated previously.
Now, market could be potentially consolidate till end of month.
However, if downside volatility picks up again, bulls must defend the 60k zone to avoid the M and the 2M cycle to below below it.
As of now, the macro Cycle is still bullish and could stay this way for the next 12M, which would basically replicate the previous Cycles: Peak/Crash 12M after the halving Cycle.
Therefore, 60K and or the D100EMA will remain the main support for now specially in this early Q2.
The next MAJOR Targets ONCE $80k is taken out are:
$98,000-107,000
$137,000-150,000
