CandleFocus Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?
2024-09-30
Author: Content Editor
The price of Bitcoin recently surpassed $66,000 but is now experiencing a correction and has dropped below $65,500. It is now trading below the 100-hourly Simple Moving Average and there was a break below a bullish trend line. The current focus is on protecting the $64,500 support level. If there is a fresh increase, resistance levels to look out for are $65,250 and $65,500. However, if Bitcoin fails to rise above the $65,500 resistance, it may continue to drop. Immediate support levels are at $64,200 and $64,000, with the next major support level at $63,500. Technical indicators suggest a bearish trend.
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