Technical analysis by Integrity_GoldFX about Symbol BTC: Sell recommendation (6/24/2024)

After conducting my analysis on 5th June, I anticipated that bullish momentum would propel the price above the 71,000-resistance level, aiming for a swift rise to the all-time high (ATH) of 85,000. However, contrary to expectations, the price experienced a sharp reversal from this resistance level. Currently, BTCUSD is testing the 61,000-support level for the fifth time. A breach below this critical level is likely to accelerate the decline towards the next support level. In such a scenario, my target price is 50,000. Stay safe and follow your trading plan!Target reached!