BTC OUTLOOK

BTC OUTLOOK

Price Movement Analysis:

The recent price action aligns with our previous forecast. The following scenarios outline potential price movements for Bitcoin (BTC).

Bullish Scenario:
Sustained price levels above 64000 are indicative of a continuation of the bullish trend, with upward targets at 71000 and 75000. In the event of a pullback, a retest down to 55000 may occur before the resumption of upward momentum.

Bearish Scenario:
A confirmed bearish trend requires a price breakdown below 53000, followed by consolidation with a 4-hour or 1-hour candle closing below this level. Such a movement could lead to further declines towards 55000. Subsequent stabilization below 51217 may precipitate a drop to 42212.