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$BTC
Bitcoin dropped to $66,048 and the chart is starting to look concerning.
- We have now broken below the $68K support level that held for most of March.
- The $72K to $76K resistance zone that rejected us multiple times is now even further away.
What I am watching most closely is that macro trendline around $64K.
It has held twice already in February, and if it holds again it would be the third touch, which is a significant level of support.
But BTC is deep below the EMA 200 at $85,666, and every rally attempt is getting sold.
If $64K breaks, I do not want to think about where the next support is.