CandleFocus Bitcoin (BTC) Breakout Confirmed: 3 Price Levels to Watch Next
2024-10-17
Author: Content Editor
Bitcoin has finally broken above the $67,000 mark, indicating a change in momentum and gaining significant strength. Traders are now focusing on the next key price levels, with the psychological barrier of $70,000 being the first to watch. Breaking through this level may lead to a rapid upward move and a new all-time high. The support level for Bitcoin currently sits at $63,000, which could provide protection in case of a reversal. If Bitcoin maintains this support and surpasses $70,000, the next target could be around $75,000. The OBV confirms the breakout across major exchanges, suggesting a regained footing for Bitcoin after months of consolidation. Investors should closely monitor the asset near these levels to gauge the potential for further upside.
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