Ansem: Bitcoin is currently testing the key weekly resistance level at $65,000 to $66,000. If it breaks through, it may retest $72,000.
BlockBeats News, June 17th - Crypto KOL Ansem posted, stating that Bitcoin is currently at a crucial point, retesting the key weekly resistance level around $65,000 to $66,000 within this range. Currently not longing BTC at this level as he believes there are better long opportunities in the market. However, if BTC closes above this range, it may retest $72,000, a scenario he personally favors.
If his assessment is wrong and BTC falls below $63,800, showing signs of weakness, the short-term outlook will turn bearish, potentially retesting $60,000. In such a case, shorts will be considered with a stop-loss set above the previous short-term consolidation range. Additionally, Ansem mentioned that today's FOMC minutes released at 2:30 ET may impact the market direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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