#Bitcoin — Higher Time Frame Analysis for BITSTAMP:BTCUSD by KTechnicalLevels
📊 #Bitcoin — Higher Time Frame Analysis 🔹 The Recovery: Bitcoin has shown a strong recovery from the lower support area around $60K–$57K. 📈 🔹 The Ceiling: But price keeps facing strong, consecutive rejections from the $65K–$67K supply zone. That zone remains the wall. 🧱 ━━━━━━━━━━━━━━━━━━━ 📍 Two Scenarios Ahead: 🔴 Scenario 1 — One More Rejection: Price retests the $65K–$67K supply zone and faces solid rejection once again → range continues. 🟢 Scenario 2 — The Breakout: This zone has …
📊 #Bitcoin — Higher Time Frame Analysis🔹 The Recovery:Bitcoin has shown a strong recovery from the lower support area around $60K–$57K. 📈🔹 The Ceiling:But price keeps facing strong, consecutive rejections from the $65K–$67K supply zone. That zone remains the wall. 🧱━━━━━━━━━━━━━━━━━━━📍 Two Scenarios Ahead:🔴 Scenario 1 — One More Rejection:Price retests the $65K–$67K supply zone and faces solid rejection once again → range continues. 🟢 Scenario 2 — The Breakout:This zone has already been tested 2–3 times — and every retest weakens a supply zone. If price finally breaks through and gives us a bullish daily candle close above the $67K resistance → we may expect a sharp 4–5% move up in Bitcoin. ⚡━━━━━━━━━━━━━━━━━━━⚠️ The Downside Risk:The $60K–$57K zone is what's holding Bitcoin up right now. If this area breaks with a WEEKLY bearish close below $57K → expect a strong free fall, a potential 10–20% correction, with the next major support sitting far below at $45K–$38K. 📉━━━━━━━━━━━━━━━━━━━🔑 Summary:Rejection at $65K–$67K = range continues | Daily close above $67K = 4–5% upside | Weekly close below $57K = 10–20% correction towards $45K–$38KLet the levels decide. No trigger = no trade. 📊KJoin Our Free Telegram Groupt. me/MrKChartsIf You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us Att. me/KseljukChart PatternsHarmonic PatternsTrend AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.