Last week’s bearish wave appears to have dissipated as BTC regains stability above $64K. That said, we could see some bullish price action in the near term as the benchmark cryptocurrency maintains its overall upward trajectory. Interestingly, the price reaction to the recently-implemented Taproot upgrade has yet to hit the market, with many speculators predicting a parabolic surge towards the $70K area. Nonetheless, BTC needs to prevent a fall below the $63K level (5-week-long trendline) or risk entering a bearish spiral into the end of the year.
Meanwhile, my resistance levels are at $65,000, $66,000, and $67,000, and my key support levels are at $64,000, $63,000, and $62,000.
Total Market Capitalization: $2.83 trillion
Bitcoin Market Capitalization: $1.21 trillion
Bitcoin Dominance: 43.1%
Market Rank: #1
Meanwhile, my resistance levels are at $65,000, $66,000, and $67,000, and my key support levels are at $64,000, $63,000, and $62,000.
Total Market Capitalization: $2.83 trillion
Bitcoin Market Capitalization: $1.21 trillion
Bitcoin Dominance: 43.1%
Market Rank: #1
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.