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Bitcoin Price Forecast: BTC eyes return to all-time highs
Bitcoin (BTC) trades close to $66,000 on Monday. The largest asset by market capitalization has noted a steady increase in its demand among traders since April 2024, according to data from crypto intelligence tracker CryptoQuant. BTC is 12% away from its all-time high. The asset needs to close above a key resistance at $66,849 to confirm a bullish breakout from the descending channel pattern on the weekly time frame. Once the asset breaks out, BTC could attempt a return to the all-time high at $73,777. Bitcoin price could return to all-time high for these three reasons Bitcoin on-chain data from crypto intelligence ... (full story)
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- Posted: Oct 14, 2024 11:12pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 191
