Bitcoin updates . A crucial moment on the chart

Bitcoin update , A crucial moment on the chart

By Hamad khan Marwat | Crypto-boy | 5 Mar 2024


#Bitcoin. A crucial moment on the chart

 

Bitcoin , crypto currency

ATH remains unbroken, and we were witnessing a significant pullback currently, nearly from 69k. This is quite expected and normal around this level, not surprise with manipulation likely occurring in both directions.

Currently, I am mainly keeping an eye on Bitcoin, as it is the only one rising for now (altcoins are not showing much upward movement). If Bitcoin goes down, altcoins will likely follow suit.

❗️With the current pullback, it makes sense to reduce long positions stop for while  or at least move them to break even. If we bounce now, we could easily retrace to 60k, but the most likely scenario would be around the 50k mark not yet confirmed .

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Hamad khan Marwat
Hamad khan Marwat

I am a bachelor student


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