CandleFocus Bitcoin Price Rises Steadily: Will It Reach $60K Next?
2024-09-12
Author: Content Editor
Bitcoin price has seen a decent increase, breaking through several resistance levels. It is currently trading above $57,200 and the 100 hourly Simple Moving Average. The next key resistance levels are at $58,500 and $58,800, and a clear move above these levels could lead to a steady increase towards $60,000. On the downside, immediate support is at $57,500, followed by $57,000 and $56,000. Technical indicators are showing bullish momentum, with the MACD in the bullish zone and the RSI above the 50 level.
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