BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 62500 level . It can rise towards 70000 level and 75000 level .Intraday purpose buying is better with stop loss 62500 level expecting intraday targets 66300 ,66500 and 66800 levels respectively . Strong support area is 63000 to 65100 level .
QUICK FUNDAMENTAL LOOK
Bitcoin has experienced a setback, quickly reversing its direction and failing to cross the crucial $70,000 barrier. A wave of panic among investors has been caused by the recent transfer of funds from Silk Road, which some analysts are linking to this abrupt decline.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.