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Bitcoin Price Restarts Its Climb: Is The Rally Back On?
Bitcoin price formed a base and started a fresh increase above the $61,200 resistance. BTC cleared the $62,000 resistance to move into a positive zone. The price even spiked above $63,000 before the bears appeared. A high was formed at $63,445 and the price is now consolidating gains. There was a minor decline below the $63,000 level. There was a minor move below the 23.6% Fib retracement level of the upward move from the $58,888 swing low to the $63,445 high. Bitcoin price is now trading above $62,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $63,000 level. ... (full story)
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- Posted: Oct 14, 2024 2:05am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 137
