FX.co ★ #Bitcoin chart analysis

#Bitcoin / BTCUSD Hello traders! BTC/USD on the M30 chart - 30 minutes. Currently, the market situation is favorable for a price movement to the south from the key level of 68708.644654. The nearest targets are 1) 68138.40566 and target 2) 68018.355346. This level acts as the first significant support, where price consolidation is possible. The second set of targets are target 1) 67335.569182 and target 2) 67214.518868. This level represents a deeper support level where the price may head in case of a strong impulse development. The scenario suggests a high probability of a southward movement, especially if BTC/USD manages to establish itself below the level of 68708.644654. If the scenario unfolds, the price may reach the nearest targets, 68138.40566 and 68018.355346, within a few days. I recommend keeping an eye on additional analysis and taking into account the release of important economic news that may impact price movement. Wishing everyone successful trading!