BITCOIN $BTC MARKET ANALYSIS

Date: April 24, 2024

Current Price:

USD: $69,700

PKR: 19,500,000

Trend:

Declining price

Market is under selling pressure.

Current Situation:

- Price has been dropping

- Consolidation around $68,000 – $70,000

- Short-term weakness visible

Support Area:

$60,000 Area

If price breaks below $60K, further downside can open.

Resistance Zone:

$74,000 – $80,000 Zone

If BTC breaks above this zone, bullish momentum may return.

Risks:

- Risk of deeper declines

- Possible drop towards $31,000 – $50,000 in extreme bearish scenario

Long-Term Outlook:

Long-term optimism remains.

BTC could recover if strong buying pressure returns and macro conditions improve.

BTC
BTCUSDT
67,828.1
-0.83%
BTC
BTC
67,869.17
-0.79%