Bitcoin has broken the downtrend and is looking to break resistance at $64,000. Should this current bounce continue and the break takes place, $67,000 could be the next port of call for $BTC.
The danger of $BTC losing its bull market trend line appears to have faded. At least for now. A continuation of the rally from the local low of $56,600 is still in play, and it just remains to be seen over the medium term, whether this is a rally back to the highs, a longer sideways accumulation period, or just a bounce before going back to make a lower low.
$63,000 is new support
Source: Coingecko/TradingView
On the short time frame of the 4-hourly, the support at $63,000 looks to be holding firm, and a retest of the downward trend line bodes well for continuation to the upside. The resistance at $67,000 is a decent target for this push up.
$66,000 resistance may be difficult to break
Source: Coingecko/TradingView
On the weekly time frame, the $BTC price can be seen to be holding t
We współpracy z: https://cryptodaily.co.uk/2024/05/bitcoin-btc-bounce-in-play-how-high-can-it-go
