Bitcoin: $60,000 Break Looms if Support Fails
Bitcoin at $63517.56 risks $60000 drop if levels break, says CryptoMichNL, with 4h bearish EMA and MACD death cross signaling accumulation zones.
SourceAnalysis
Bitcoin risks a swift break to $60,000 if it fails to hold current levels and test resistance zones, according to @CryptoMichNL, who flags the area as the final support before potential lows sweeps and favors accumulation there. On the 4h chart price at $63517.56 sits below EMA50 resistance at $64297.22 and EMA200 at $63739.39 with MACD at -250.72 confirming the death cross, while neutral RSI at 39.17 and position inside Bollinger bands point to lower-band support near $63084.28 as the next volatility target before any upside continuation in BTC price prediction scenarios.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast