BTCUSD

Bitcoin Yesterday, as we warned last week, made the expected correction move, falling more than 7 percent to below $62,000 thousand with sharp outflows from the spot Bitcoin Exchange Traded Fund (ETF) and the postponement of interest rate cut expectations from the Fed. BTC, which made a slight recovery in the evening hours, closed the day at $63,000. BTC, which started the new day with sales again, is moving around $61,000, and we think there will be very high volatility in BTC today. Our expectation is still in the medium term (3 months), that it will benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average of around 64,000 DOWN, can see a 67,000 movement if it breaks the 64,000 resistance again on a daily basis, if sales increase, the 60,700 support is the strongest support. Support: 60700 – 58000 Resistance: 64000 – 67000