Bitcoin is showing signs of a bullish recovery and is approaching the key $70K resistance level. Buyers are focused on breaking this threshold and aiming for a new all-time high by the end of the year. The price has found support at the Fibonacci retracement levels and has reclaimed the moving averages, indicating a shift towards a bullish sentiment. On the 4-hour chart, Bitcoin's bullish momentum is evident, and a breakout above $70K could lead to a new ATH. The futures market suggests that a breakout above $70K could trigger a significant short liquidation event, amplifying the uptrend and potentially propelling Bitcoin to further gains.
- Content Editor ( cryptopotato.com )
- 2024-10-28
Bitcoin Price Analysis: BTC Has to Reclaim This Crucial Level to Aim for New All-Time Highs