Bitcoin is coiled at $65,679. The next big move depends on 2 levels. Here's exactly what traders are watching.
The 200-day MA at $63,500 is critical support. BTC has bounced from here repeatedly. Holding it keeps the bull market intact. Losing it opens downside to $58K.
The 50-day MA at $68,500 is the wall. BTC has failed here several times. A clean daily close above it with volume signals the end of consolidation and a run at the ATH.
Whales absorbed 125K BTC this month. ETF inflows resumed. Exchange reserves at 5-year low. The fundamental backdrop strongly favors an upside break.
Bullish bias above $63,500. Buy support, target $68,500 then $73K ATH. Stop below $61,000. Risk-reward favors the upside as long as the 200 MA holds.
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