Bitcoin (BTC), which broke above $68,000, extended the signals for a bull season.
Price above 60 thousand dollars BTCaccelerated the bull run. The leader of cryptocurrencies, which moves upward with dominance, is moving step by step towards the ATH. Bitcoin, which is currently at a critical level, could move towards new highs if it crosses the selling zone in front of it. Crypto investors BitcoinWhat levels to follow?
Bitcoin (BTC) sets its sights on $70,000!
As of press time, Bitcoin, which changed hands at $68,219, is facing a key resistance level. BTC, which is close to both the falling channel and the horizontal resistance area, may pull back towards the $64,777 – 62,000 – 59,647 – 59,602 – 52,614 and $50,580 bands, respectively, if it cannot break above the $60,080,080 level. In this process, $62,000 will be decisive for the short/medium term. A sustained weekly close above $62,000 would add bullish signals.
If net flows into spot ETFs continue, there is a strong possibility that inflows into BTC will increase. In such circumstances, the $70,000 band can be followed as the first resistance. Overcoming this level, which is psychologically and technically challenging, will bring new heights. If Bitcoin’s ATH is refreshed, first $75,000 and then $80,000 can be followed as resistance.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.