Will BTCUSD Hit $70,000?
Currently, we are witnessing a strong bullish momentum of BTCUSD on the 2H chart. After hitting the resistance level of $68,063, the price has shown signs of slowing down and is undergoing a slight correction. It is worth noting that BTC is closely following the EMA 34 and EMA 89, at $66,522 and $64,794 respectively, which act as strong supports for the current price trend.
On the other hand, a close above the resistance level of $68,800 could initiate more upside moves. In the above scenario, the price could rise and test the resistance level of $70,0200. Any further upside move could take the price towards the resistance level of $72,000.
On the other hand, a close above the resistance level of $68,800 could initiate more upside moves. In the above scenario, the price could rise and test the resistance level of $70,0200. Any further upside move could take the price towards the resistance level of $72,000.
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