🪙 BTC is testing a key zone.
Strong support is forming below, while heavy sell walls remain overhead.
Key levels to watch:
⏺ $69,000 — the short-term holder cost basis. This is the most important level. A clean breakout and acceptance above it could open the door to the next leg higher.
⏺ $63,000 — the median realized price and a major demand zone.
🟢 $58,500 — the recent local low.
🔴 $84,000 — the strongest resistance area above.
Bullish signals:
🟢 Bitcoin ETF inflows have turned positive again.
🟢 Most short positions have already been flushed out.
📈 If BTC manages to reclaim and hold above $69,000, the probability of a sustained move higher increases significantly.
Strong support is forming below, while heavy sell walls remain overhead.
Key levels to watch:
⏺ $69,000 — the short-term holder cost basis. This is the most important level. A clean breakout and acceptance above it could open the door to the next leg higher.
⏺ $63,000 — the median realized price and a major demand zone.
🟢 $58,500 — the recent local low.
🔴 $84,000 — the strongest resistance area above.
Bullish signals:
🟢 Bitcoin ETF inflows have turned positive again.
🟢 Most short positions have already been flushed out.
📈 If BTC manages to reclaim and hold above $69,000, the probability of a sustained move higher increases significantly.