Bitcoin Could Start Its Rise to $75K Now! Current BTC Analysis

• BTC continued its downtrend all the way to the green zone, making the move predicted in the “Will it start falling until halving?” analysis.
• Yesterday’s analysis gave readers a gain of more than 15%.
• The current BTC chart shows that the price has encountered buying from the green support range.

BTC’s downtrend continued into the green zone as the move predicted in the “Will it start falling until the halving?” analysis materialized, with yesterday’s analysis showing a gain of more than 15%; currently, the price is trying to rally with buying from the green support range of $66,666 – $65,800.

MEDIUM TERM BTC ANALYSIS

4-Hour BTC/USDT Chart

According to Bitcoin’s 4-hour technical chart, the move predicted in yesterday’s “Will itstart to halve?” analysis appears to have materialized, with Bitcoin continuing its downtrend into the green zone.

Yesterday’s BTC analysis returned more than 15% to trading readers. A look at the current BTC chart shows that the price is attempting to rebound from the analysis’s green support range of $66,666 – $65,800.

As stated in the April 12 analysis, BTC price may move sideways in the green zone and may target $75,000 as long as it stays above the green zone. However, if the price falls below the green support zone, the 4-hour candle closes below $65,000 can be used as a stop loss level.

Source