The Bitcoin market is on a major bull run, with the price reaching above $64,000 and showing bullish momentum. The recovery has surpassed moving averages and is now testing the 200-day SMA. Based on Fibonacci levels, the next resistances are at $66,601 and $70,632. The MACD indicator supports bullish optimism, and patterns such as the inverted head and shoulders and bullish flag formation suggest a target price of $70,000. Historical trends indicate a strong bullish momentum in October and November. Despite fluctuations, Bitcoin and the wider crypto market are expected to have a bullish comeback.
- Content Editor ( thecryptobasic.com )
- 2024-09-20
Will Bitcoin End September at $70K as Bullish Momentum Builds?