BTC is about to break out of its recent triangle (blue lines), likely within 24 hours.
$63k has become an important level over the last week. BTC punched through this $63k level a week ago (yellow circle), and then retested $63k twice (pink circles).
This $63k level has now become an important support. If BTC falls below this line, it would likely continue down.
But if it holds $63k over the next 24 hours, it should break to the upside, and should rise to the previous high of $68,500 (purple line). This would then be the 3rd time up to this level, and would likely punch through it very quickly.
$63k has become an important level over the last week. BTC punched through this $63k level a week ago (yellow circle), and then retested $63k twice (pink circles).
This $63k level has now become an important support. If BTC falls below this line, it would likely continue down.
But if it holds $63k over the next 24 hours, it should break to the upside, and should rise to the previous high of $68,500 (purple line). This would then be the 3rd time up to this level, and would likely punch through it very quickly.