Technical analysis by XAUUSD_MARKETER701 about Symbol BTC: Sell recommendation (3/20/2024)

BTC/USD(BITCOIN) MAKED SELLING ZONE PATTERNS ( LETS SEE ) 📉 BTC/USD Forecast & Levels - Key Analysis Dear Traders, The BTC/USD pair has encountered a significant resistance level at 69K, experiencing a notable rejection. This rejection has manifested through the emergence of strong selling candles, indicating a shift in market sentiment and potentially paving the way for a downward movement. 📊 Technical Analysis: Resistance Rejection: The rejection at the 69K level signifies a notable barrier for BTC/USD's upward movement. This rejection suggests a potential reversal in the short to mid-term trend. Bearish Momentum: The emergence of strong selling candles further strengthens the bearish sentiment in the market. This momentum implies increased selling pressure and a preference for downward movements among traders. Forecasted Targets: Based on technical analysis, the next anticipated targets for BTC/USD lie at the levels of 55K and 50K. These levels represent potential support zones where the price might find temporary stability or initiate a corrective bounce.Trade active: 🔮📈 BTC/USD Forecast & Key Levels Update! 🌟💰 BTC/USD is steadily progressing towards our target, albeit at a slower pace. Patience is key as we anticipate a big victory on the horizon! 🚀💼Trade active: 🎉 BTC/USD Update: Retracement Complete, Heading Towards $62K! 🚀 Dear Followers, Exciting news in the world of cryptocurrencies! Bitcoin (BTC) has completed its retracement phase and is now poised for a significant upward movement, potentially reaching $62,000 in the near term. Current Status: BTC/USD has successfully completed its retracement, indicating renewed bullish momentum in the market. Forecast: With the retracement phase behind us, Bitcoin is now set to resume its upward trajectory, with $62,000 as our next target. This bullish outlook aligns with our analysis and presents an excellent opportunity for investors and traders alike. keep following keep supporting