Bitcoin Analysis – 20.Jun.2024
Bitcoin Analysis: By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion:
- The price could start rising from this level, with the next targets being $72,000, $77,000, $85,000, and $100,000.
- The price could correct further to the $52,800 to $56,700 range before rallying again to above $70,000.
Author : Arman Shaban
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