Take a look at the daily chart of #Bitcoin right now. The picture is tense, but it gives hope to the bulls. 👇
After a prolonged correction from the highs of $126k, the price found strong support at the psychological level of $60,000. We see a clear buyer reaction (long lower shadow of the candle) and a spike in volume on the buyback.
📊 What Technical Analysis says (based on the screenshot):
1. Local success: The price ($68,733) has settled above the short moving average MA(7), which is at $68,348. This is the first signal for a local reversal.
2. Nearest target: The next significant resistance is the pink line MA(25) at $76,255. If we break it, the road to $80k+ will open.
3. Market sentiment: The order book (below) shows a seller's advantage (58% against 41%), indicating persistent pressure. The crowd is still fearful.
💡 My strategy:
I consider the current zone $68k as an accumulation zone, but with a stop below $66k. If we hold MA(7), we will test $76k.
Did you buy during the dip to $60k or are you waiting for lower prices? Share in the comments!
#BTCFellBelow$69,000Again #Write2Earn #BitcoinAnalysis" #crypto2026 #TrendingTopic