Bitcoin’s recent downtrend has brought its price into the green support zone, as predicted in previous analysis. Yesterday’s analysis even resulted in a gain of over 15%. Currently, Bitcoin is attempting to rally and bounce back from the green support range of $66,666 to $65,800. Looking at the 4-hour technical chart, it appears that the predicted move has materialized.
For the medium term, if Bitcoin can stay above the green support zone, it may move sideways and potentially target $75,000. However, if the price falls below the green support zone and the 4-hour candle closes below $65,000, it could be used as a stop loss level.