CandleFocus Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?
2024-10-24
Author: Content Editor
Bitcoin price tested the $65,200 support zone before bouncing back and aiming for upside resistance levels. The price is currently trading below $67,500 and the 100 hourly Simple moving average, with potential resistance near $67,300 and $68,000. A clear move above $68,000 could initiate further gains towards $69,200 and $70,000. However, if the price fails to break above $67,500, it could start another decline with immediate support levels at $66,500 and $66,200. Technical indicators suggest a bullish trend but losing momentum in the short term.
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