Bitcoin ($BTC ) Holds $60,000 Support Despite Market Uncertainty
Despite recent geopolitical tensions in the Middle East, Bitcoin has maintained its key $60,000 support level. Bitcoin bulls have consistently bought the dip, allowing the cryptocurrency to bounce back. Friday saw a breakthrough of the descending trend line, suggesting potential for further price increases. Key Fibonacci levels to watch are $62,430, $63,200, and $64,000, with $70,000 as a critical level for a continued rally.
While market uncertainty remains due to global conflicts, Bitcoin shows signs of resilience, indicating a possible bullish continuation if stability returns.
