Last week, Bitcoin increased sharply followed by a drop. Currently Bitcoin is stable at around $62,000. Bitcoin's entire network has a computing power of 149.92 EH/s and a difficulty of 20.08 T. President of the Bank for International Settlements: Only central bank digital currencies have the highest credibility. The total amount of DeFi locked in the entire network reached 171.46 billion U.S. dollars, a record high. JP Morgan Chase: Inflation has pushed up the price of Bitcoin. Musk responded that he "does not" hold Shiba Inu Coins.
From a technical perspective, the weekly graph closed by 4 consecutive bullish candles. But there was a long upper shadow which means the resistance was strong. The daily graph stopped at 67,000 and dropped nearly 10%. MA converged. On H4 graph, Bitcoin reached the bottom. It was under the pressure below middle BOLL Band. MACD shrank. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 63000.
Resistance：63000-64000-67000
Support：61100-60000-58000
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