CandleFocus Bitcoin Price Rises And Reaches The $65,000 Threshold
2024-09-25
Author: Content Editor
The price of Bitcoin is currently rising and buyers are looking to push it above the $65,000 resistance level. The cryptocurrency broke through the moving average lines and rose above the 21-day SMA support. It is currently trading at $64,628, close to the target. However, there is resistance expected from bears, and if the price is rejected at its recent high, it may fall back to the $60,000 support level. On the other hand, if Bitcoin breaks through the $65,000 level, it could rally to $70,000. The overall trend is positive with higher highs and higher lows, but the uptrend may end if the price falls below the moving average lines. The support levels are at $50,000 and $40,000, while the resistance levels are at $70,000 and $80,000.
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