CandleFocus Bitcoin Price Back on Track: Can It Maintain Traction?
2024-09-27
Author: Content Editor
Bitcoin price has recently experienced a fresh increase and is now consolidating near $65,000. It has found support around the $62,650 level, forming a base and surpassing resistance levels at $63,500 and $64,200. The bulls have pushed the price above $65,000, reaching a high of $65,764 before a minor dip. Currently, Bitcoin is trading above $64,500 and the 100 hourly Simple Moving Average. The next resistance levels to watch are $65,250, $65,500, and $66,200, with a potential move toward $67,500. If the price fails to surpass the $65,250 resistance, it may continue to decline, finding immediate support around $64,850 and $63,850. The technical indicators suggest a slight loss of bullish momentum, but the RSI remains above the 50 level.
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