$BTC At the end of the week, again, there are negative news regarding Peace talks. Of course, we saw the initial reaction in crypto.


Bitcoin couldn't surpass the recent peak of 82,885. That's why we are closely monitoring it; if it stays below 78,203 on the 4-hour timeframe, sellers will strengthen and the decline will continue.
As the decline approaches the bottom of 74,929, there is a possibility of buyers coming in. If it cannot recover here, the decline will deepen further; the Fibonacci support levels are around 71,000-68,000. The market might now think, "It's fallen enough, I should buy."
In the upward movement, we will follow resistance levels at 98,000-109,000 and 107,000. Especially, the 109,000-107,000 zone will be an important resistance. If it cannot stay above 126,199 from here, a decline may occur.
A daily close below the 60,000 level is a region where sellers will gain even more strength, and the decline will deepen further. It will initiate a deep correction.
BTC0.31%
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