The post Bitcoin Failed to Hold $64,000, What’s Next? appeared first on Coinpedia Fintech News
Bitcoin could not hold the price level at $63,800 and dropped around 1.92% to $62,573. It was moving average 20 that gave some support to bitcoin price and it again rose and reached the old all time high of bitcoin. With a high liquidity zone this is a resistance zone which further rejected the price back to $62,680.
As we mentioned yesterday, zones around $63,500 and $62,500 have high liquidity, and no matter what side Bitcoin moves, there are chances of it falling back. That is exactly what we witnessed today. The price of BTC first reached around $63,800 and received a rejection that threw it 1.92% down. Waiting a few hours, taking support of Moving average 20, btc price once again tried and got successful to break $64,000. It instantly got rejected and fell 2.18%.
Bitcoin is currently trading at $62,797 and trying to hold this position which looks very difficult as MA
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