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2025-07-07
14:53
Bitcoin (BTC) Technical Analysis: Analyst @CrypNuevo's Chart Shows BTC Bouncing from Weekly Order Block, Targeting $71.8K Range High

According to a chart shared by @CrypNuevo, Bitcoin (BTC) has demonstrated significant strength by bouncing from a key support level identified as a 'Weekly Order Block' around the $52,000 price point. The analysis highlights that this bounce occurred after filling a Fair Value Gap (FVG), a common pattern watched by traders. The chart shows BTC is currently consolidating within a 'Daily Range' between approximately $56,500 (Range Low) and $71,800 (Range High). The price is presently testing the range's midpoint, or equilibrium, at about $64,150, which could serve as a pivot point for the next directional move toward the range high.

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