Analytics: Market Overview and Forecasts 💎 📈 WHAT HAPPENED? Last week, Bitcoin fully played out our short scenario. After testing the $65,000 resistance level, the price continued moving down, reaching a local low around $59,000. The asset is now trading in the high-volume zone of $61,000–$59,000. A breakout from this range will determine the next local trend. 💼 WHAT WILL HAPPEN: OR NOT? We’re looking at the following scenarios: • The price moves up toward resistance, then corrects back into the $61,000–$59,000 range. In this case, we can look for buying opportunities with the expectation of further growth; • The price consolidates above the $62,300–$63,000 zone. After a pullback to this zone, a long entry may also be considered. If Bitcoin drops below $58,000, this will signal a continuation of the downward move.