From TradingView · · 40s
BTC/USD Bullish Shark Pattern
Bitcoin nears last chance to reverse bear market with $64,000, $65,000 support.
In brief
Bitcoin nears last chance to reverse bear market with $64,000, $65,000 support. Bitcoin could rebound to $74,500 if it holds $64,000, $65,000, but a drop below $60,500 risks deeper bear market. Originally reported by TradingView.
Bullish Shark Pattern
Bitcoin approaches critical technical area near $64,000, $65,000 on daily chart.
Reversal Opportunity
Bullish Shark pattern suggests potential reversal zone at $64,000, $65,000 with invalidation at $60,500.
Target Levels
Potential targets include $74,500, $82,000, $94,000, and $119,000 if reversal confirms.
Risk Scenario
Breaking below $60,500 could trigger deeper bear market down to mid-to-high $30,000 range.
The bottom line
Bitcoin could rebound to $74,500 if it holds $64,000, $65,000, but a drop below $60,500 risks deeper bear market.
