
Bitcoin has now been moving sideways for ~69 days, clearly stuck in a consolidation phase after the big drop.
Price is currently hovering around $69K, right in the middle of the range, not showing strong direction yet.
Key Levels:
β’ Resistance: $75Kβ$77K (major rejection zone + trendline)
β’ Support: ~$62K (range low)
As long as BTC stays inside this range, expect choppy price action.
What to watch:
β’ Break above $75K β momentum shift, bullish continuation
β’ Break below $62K β range breakdown, downside opens
For now, itβs simple, this is a waiting phase.
Expansion comes after consolidation.
DYOR, NFA
https://i.redd.it/xqcefnh53jtg1.png
Posted by Cryptorphic