CandleFocus Bitcoin (BTC) Needs To Recover Key Level To Really Kick Things Off, Says Crypto Strategist
2024-11-27
Author: Content Editor
The crypto analyst, known as Cheds, believes that Bitcoin needs to surpass the $96,000 level to regain bullish momentum. According to Cheds, a move above this key price level would indicate a retest of the prior range peak and signal a jump back up to the top of the range. Despite Bitcoin's current drop, Cheds suggests that the cryptocurrency is consolidating before experiencing further upward movements. Cheds also points out that the 200 moving average on the four-hour chart may act as support if Bitcoin continues to correct. As of now, Bitcoin is trading at $92,285.
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