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Home » Can Bitcoin bulls pave the way to 66K or is it an uphill battle
Bitcoin

Can Bitcoin bulls pave the way to 66K or is it an uphill battle

2024-09-24No Comments1 Min Read
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Can Bitcoin bulls pave the way to 66K or is it an uphill battle
Can Bitcoin bulls pave the way to 66K or is it an uphill battle
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The provided chart displays a strong presence of asks at $66,000, $67,900, and $70,000. However, from a sentiment perspective, it would be considered a positive development if the price manages to regain the 200-day moving average ($64,000) as a support level and trades above the resistance of the channel. This would allow the bulls to initiate a shift in the pattern of lower highs. To achieve this, it is crucial for the weekly candle to close above $65,000 by September 29th.

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