BTC Hits 70K Target, Testing Key Monthly Support

PeterDiCarlo

02-11

Bitcoin hit our downside target and is now testing the Monthly Bias Target 🎯

Historically a major support and often the bottom.

If we’re going to bounce, it’s here.

But my Monthly BX is not a buy yet.

Discount alone isn’t enough.

I need real buying pressure before I turn long‑term bullish again.

The level is technically ideal for a bounce — but ideal levels don’t guarantee reversals.

What matters now is whether buyers actually step in with conviction.

BTCUSD hit the 70K downside target I mapped out and is now sitting on major Monthly Bias support.

The same zone that usually marks big bottoms.

Traditionally, we will bounce here ✅

But my Monthly BX is still red. Discount alone isn’t enough.

I’m not buying until I see real buying pressure.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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