2024

Bitcoin

While Bitcoin experienced a strong rally thanks to increased institutional adoption with the approval of the spot ETF, $ 65,000 was also exceeded in this rally. 
While investors were waiting for $69,000 to be exceeded, a new BTC post came from the well-known analyst Ali Martinez. 
At this point, Martinez said that more than 500,000 BTC were traded in the $61,100 to $61,800 range, creating a significant support range for BTC. 
Stating that this support area is very important for Bitcoin, the analyst argued that BTC will continue its rise towards $ 65,900 as long as it manages to stay above this support range. 
Martinez's analysis was partially successful and BTC rose above $65,000 today. 
However, Martinez also highlighted potential downside risks for BTC, saying that if BTC falls below the established support level, there could be a correction and the price is likely to drop to $56,970 or even $51,500. 
<blockquote> 
 “Over 500,000 BTC were traded in the $61,100 to $61,800 range, creating a significant support area. 
 If Bitcoin stays above this support range, the price is poised to climb to $65,900 considering the minimum resistance ahead. 
 Conversely, if BTC falls below this support and a possible correction could drop the price to $56,970 or even $51,500.” 
</blockquote> 
BTC continues to trade at $65,153 at the time of writing. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Over 500,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> have been transacted in the range of $61,100 to $61,800, creating a substantial support area. If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> remains above this threshold, it's poised to climb towards $65,900, given the minimal resistance ahead. 
 Conversely, should <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> dip below support, a… <a href="https://t.co/Lw2GhkmBET">pic.twitter.com/Lw2GhkmBET</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1764282098020462870?ref_src=twsrc%5Etfw">March 3, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/while-bitcoin-exceeds-65000-the-successful-analyst-announced-the-levels-to-follow-in-btc-from-now-on/">While Bitcoin Exceeds $65,000, the Successful Analyst Announced the Levels to Follow in BTC From Now on!</a>

While Bitcoin Exceeds $65,000, the Successful Analyst Announced the Levels to Follow in BTC From Now on!

Bitcoin Sistemi EN

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