CandleFocus Bitcoin Price Eyes $70K Comeback: Will Bulls Push It Higher?
2024-11-04
Author: Content Editor
The Bitcoin price is currently recovering after a decline below $70,000. It has surpassed the 23.6% Fib retracement level and broken a bearish trend line. The next key resistance levels are at $69,500 and $70,000, with a potential move towards $71,200 and $72,500 if they are broken. However, if the price fails to rise above $70,000, it could start another decline with immediate support at $68,000 and major support at $67,500. Technical indicators suggest a bearish trend, but the RSI is above the 50 level.
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