According to a foreign media market analysis, Bitcoin is approaching the $64,000 line this week, a position that is seen as an important support for the short line. If the price is above that level, the market has the opportunity to retest the height of $655 million in the week before.
$64,000 for short-line focus
This analysis lists $64,000 as the most interesting price area this week. This is due to the fact that, if the position is lost, Bitcoin may be able to retrace the lower-movable range and the short-line fluctuations may be magnified.
$6.35 million or tested first
It is mentioned that Bitcoin does not exclude the first search of the liquidity area near $6.35 million. If the price goes back to this area, whether there are enough purchases in the market will determine whether Bitcoin can go back up to $64,000.
Look at $655 million above.
If sustained, the price could first return to a high of $655 million in the previous week. When moving further, $67,000 was listed as a potential target.
Overall, this is a short-lined version of the market view, with core observations concentrated in three sectors: $6.35 million, $64,000 and $67,000. Over the next week, the market will continue to judge these positions in terms of the capacity of the buy-in and the rebound.