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IRby u/irinajovanovic·1hAnalysis

BTC: Watching the 69k resistance after that run-up

Bit of a rollercoaster week for $BTC, eh? After the latest push, we're squarely staring at that 69k resistance level again. It's a psychological hurdle as much as a technical one, and frankly, I'm a bit wary. The funding rates are getting a little frothy for my liking, which often precedes a shakeout.

My take is that a clean break and sustained hold above 69.5k, perhaps even 70k, could signal continuation. Anything less, and I'd be looking for a retest of lower support, maybe around the 65k region. The risk here, of course, is a failure to hold 69k, which would likely invalidate any immediate bullish continuation scenario and could see a more significant pullback. I'm not making any moves until I see some clearer price action develop, just observing for now.

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