Bitcoin experienced explosive movements throughout the week, with a special highlight on Saturday following an impactful speech by presidential candidate Donald Trump. This speech generated significant volatility, causing Bitcoin's price to swing rapidly between the support level of $66,600 and the resistance level of $69,000, surprising both optimistic and pessimistic investors.
This week, due to Super Wednesday, Bitcoin's price is expected to face high volatility, Now it has confirmed that the rates will keep 5.5%, but with the speech we may see potentially leading to liquidations on both sides until the end of the movement on the 31st and Some recovery or even more liquidations on the 1st, according to Earnings.
Triggers: Rise: A confirmed price above $66,600 on the daily chart may signal a short-term rise. There is a lower probability of sustained upward movement if the price exceeds $68,000 on the weekly chart.
Indecision: Remaining within a broader range, centered at $64,000, could result in confusing price movements and create internal waves that disorient investors.
Decline: -A Monthly Closing Below 65k is terrible! -A rejection at $64,400 in the short term and at $62,500 in the medium term could indicate a potential decline. To add, a rejection at $61,500 may suggest a more significant drop to $46,200, though this last prediction is less likely given the current scenario. Show Less
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