CandleFocus Bitcoin Closes in on Price Peak – $69K Resistance in Sight
2024-10-18
Author: Content Editor
Bitcoin reached its highest price since late July, almost reaching $69,000. The entire cryptocurrency market is valued at $2.35 trillion, with a 2.63% increase in the last day. BTC hit an intraday high of $68,998 and has been consolidating around $68,500 to $69,000. Technical indicators show mixed signals, but moving averages remain bullish. The price increase led to millions in short position liquidations across the crypto market. BTC is 6.9% lower than its all-time high.
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