CandleFocus Bitcoin Tops High-Volume Resistance Near $68K: Technical Analysis
2024-10-16
Author: Content Editor
Bitcoin's price has surpassed its high-volume resistance level of $67,944, indicating strengthening bullish momentum. The focus now turns to $70,000 and the possibility of new record highs. However, traders should be cautious as a failure to maintain levels above the resistance may attract selling pressure and lead to a test of support near $65,000. Currently, Bitcoin is trading just above $68,000.
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