The post Is Bitcoin Going Towards $84k or $65k? appeared first on Coinpedia Fintech News
Bitcoin has successfully received support at $66,800, which is a huge win for the crypto community. Even though btc failed from the $70,000 level, it has prevented a huge fall. Just a 4% correction which is considered healthy in case of the largest crypto.Let’s see what are the things happening in the market.
Bitcoin Faces Rejection
After a long struggle, btc crossed the $66,000 range and tried to cross $70k as well which is not so easy. The rejection caused the crypto to take help from the latest support at $66,800. It has entered the consolidation zone as RSI shows a drop in market strength. It was recorded at 41.86 which is not a good sign for an uprising. The current price $67,110 also faces resistance from moving averages 20 and 50 simultaneously above the current zone. The nearest moving average that can act as a support is MA 100 that is sitting at $65,000. This is the stronge
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