On Thursday, Bitcoin rushed high followed by a drop, and the current price is at $63,000. International Monetary Fund: It is in active contact with El Salvador on Bitcoin risk. Walmart started operating Bitcoin ATMs. US Deputy Secretary of the Treasury: Most crypto transactions are legal. Kazakhstan began to implement electricity curtailment measures for encrypted mining business. There are more than 100 million cryptocurrency holders in India.
From a technical perspective, the daily graph closed bearish forming engulfing pattern. It is normal to fell back after a unilateral upward movement. More signals are needed to see if Bitcoin has reached the peak. On H4 graph, Bitcoin broke the short-term upward trend. M pattern has completed. The indicators were relatively neutral. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 62000.
Resistance：64000-65000-67000
Support：63000-60000-59000
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