CandleFocus BTC Can Chart New All-Time High if it Breaks Above This Obstacle: Bitcoin Price Analysis
2024-10-16
Author: Content Editor
Bitcoin's price is approaching a new all-time high and a long-term rally, with the market testing the key $69K resistance level. However, caution is advised as the RSI is approaching the overbought region, which could result in a pullback. Short-term market participants are realizing profits, indicating a potential correction if there is excess supply and selling pressure.
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