CandleFocus Bitcoin Price Restarts Its Climb: Is The Rally Back On?
2024-10-14
Author: Content Editor
Bitcoin price has risen above the $62,000 resistance zone and is currently consolidating. It is expected to aim for further upsides above $63,000. A close above the $63,200 resistance level could initiate more gains and push the price towards $64,500 and $65,000. On the downside, immediate support is near $62,250, followed by $62,000 and $61,150. Technical indicators show that the MACD is losing pace in the bullish zone, while the RSI is above the 50 level.
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