Technical analysis by PHundal about Symbol BTC on 6/21/2024

Since our last update, Bitcoin has moved under the most recent range of lows where it currently trades. We are now at a point where we wait to see who’s in charge, will it be the bulls or bears?Bullish ScenarioHaving now moved outside the current range, seeing buyers step in to bring the price back above $66,000 USD would reclaim this range. Bearish ScenarioIf Bitcoin does not move higher and reclaim this current range low, it could move further towards the March lows.