BTCUSD Analysis: Caution Ahead as Bitcoin Nears 60k | 3/27/24 Update

In this BTCUSD analysis, we explore Bitcoin's recent surge towards the 70k mark and why caution is warranted. While Bitcoin got close to the 60k target, it's crucial to wait and not buy impulsively. Long-term Fibonacci retracement levels indicate potential corrections to 37-39k or 57-59k. Intraday and intrahour timeframes show bullish signs, but lower timeframes signal bearish rejection at VWAP resistance levels. Daily and higher timeframes suggest a deep correction ahead. Stay informed and consider implementing stop losses to safeguard profits.

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