CandleFocus Bitcoin Price Bounces Back, But Can It Sustain Above $60K?
2024-09-18
Author: Content Editor
The price of Bitcoin has climbed back above $60,000 but is facing resistance as it struggles to move higher. After forming a base above $57,500, Bitcoin saw an increase above the $58,500 resistance zone and surpassed the $60,000 level. It tested the $61,200 resistance zone before correcting gains. Bitcoin is currently trading above $59,500 and the 100 hourly Simple moving average, but it could face resistance near the $60,500 level. If it fails to surpass this resistance, there is support near $60,000, with further support at $59,750 and $59,400. Technical indicators suggest a potential slowdown in bullish momentum.
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