BTC price action is keeping bulls on their toes, as old all-time highs prove hard to flip to resistance. Can $69,000 fall by June?
Plenty of optimistic BTC price predictions are circulating, some including a six-figure target for BTC/USD in 2024, but concerns of a deeper retracement linger in the background. At the time of writing on May 27, $68,100 and $69,800 were key levels of interest, the latter in the middle of a “cloud” of liquidity across order books.“Where to buy? Losing $66K and I think we'll test range low and be buying there again. That's the level where you'd want to get your purchases ready.”
“Both resulted in massive expansion afterwards. I'm not expecting $BTC to go slow this time either, once it leaves this price range behind us.”Some, however, still have a larger correction as their base case.Into the weekend, Material Indicators added that it was “fully prepared” for $60,000 to make a comeback.
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