CandleFocus Bitcoin Price Advances Again: Can Bulls Push It Even Higher?
2024-11-08
Author: Content Editor
The price of Bitcoin is showing a positive trend and is currently trading above the $75,000 resistance level. It reached a new all-time high at $76,937 and is now consolidating its gains. Although there was a minor dip, the price is still in a positive zone and is supported by the 100 hourly SMA and a bullish trend line at $75,450. If the price continues to rise, it may face resistance at $76,000 and $76,200, but a clear move above these levels could lead to further gains towards $78,000 and $78,800. On the other hand, if the price fails to break the $76,200 resistance, it may move downwards and find support at $75,450 and $74,350.
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