The spike of Bitcoin to $58500 again has caused some analysts to hesitate about the rise. Although the on-chain data gave positive signals, analysts who could not see this on the Bitcoin chart began to explain the levels they followed.
After the fall, BTC comment came from analyst Justin Bennett, who knew the bottom of Bitcoin’s previous one.
Saying, “It seems that yesterday’s bearish candle was a sign,” the analyst shared a chart by expressing the levels he followed.
“Looks like yesterday’s bearish candle was a sign. I’m not sure if we’re out of that yet but there is a lot of support around the $60,000 levels. If Bitcoin fails to reclaim $63,300 I will look at $55,000.”
With a similar analysis, Bennett had previously won the appreciation of investors, knowing the levels that Bitcoin will fall and rise in the short term. If $63,300 is not exceeded, we will be watching if there will be a pullback to $55,000.
*Not Investment Advice.