$BTC - Make or Break
2024-10-03

Bitcoin is testing the 200 EMA on the daily chart. Can we expect a bounce?

We've already lost the value area at 62,000, with price now consolidating underneath signaling weakness.

For any bullish momentum, resistance at 61,800 needs to be reclaimed.

Support is currently at 59,500. Losing this level could open the path toward imbalances in the 56k to 54k range.