Cryptolean Bitcoin BTC Update

Daily Chart

Bitcoin price is testing the bottom of the key resistance zone of $69,654-$73,423.

A bearish divergence forming in the daily BTCUSD chart remains a concern and requires a strong bullish move to invalidate it.

At the same time, the price action with the daily zone of $69,654-$73,422 will be very important.

The daily candle closure and a sustained price action in $69,654-$73,422 zone or, even better, above $73,422 will push Bitcoin price higher towards $80,000.

Below $59,920, the key daily support, BTC will decline towards $51,660 support, however the price action will be slow and choppy.

Intraday Chart


The BTCUSD intraday (4-Hour) chart is slowly moving to the top of the key resistance zone of $67,901-$70,177.

A solid bullish candle closure above $70,177 will resume the bullish move in Bitcoin.

A bullish break-out of $70,177 will push #BTC price towards $73,077 and higher.

A bearish rejection of the top of the zone - $70,177 or a bearish break-out of of $67,901 will result in #Bitcoin price re-testing the intraday support at $62,021.

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