CandleFocus Bitcoin Price Nears All-Time High: Can It Push Past the Mark?
2024-10-30
Author: Content Editor
The Bitcoin price is experiencing a rally and has surpassed the $72,000 zone. It is up over 5% and could potentially reach a new all-time high above $73,500. The price has regained strength and is currently consolidating near the $73,574 high. It is trading above the 100 hourly Simple moving average and could face resistance at the $73,200 level and the $73,550 level. If the price fails to break the $73,500 resistance, it may see a downside correction with immediate support at the $71,650 level. The next major support levels are at $69,500 and $68,500. Technical indicators, including the MACD and RSI, are showing bullish signs.
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