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🚨 $BTC Important Price Update: Will the Price Go Up or Down?
The price is trading above key moving averages like the MA(25) and is hovering close to the MA(7), indicating that short-term momentum is still in favor of bulls. If Bitcoin manages to hold above these levels, we could see a continuation of the uptrend.
The price has bounced from $66,775, indicating strong support at that level. As long as this support holds, Bitcoin has a foundation to move higher.
The price is close to retesting the 24-hour high of $68,424. If Bitcoin breaks this resistance level, it could quickly push towards higher targets, potentially reaching $69,000 or more.
The next move for Bitcoin will largely depend on whether it can break through the resistance at $68,424. If it does, the price is likely to move higher, potentially hitting $69,000 or more. However, if selling pressure continues and support at $67,000 is lost, we could see a short-term correction with the price dropping to $66,000 or lower.
In the short term, it seems more likely that the price will consolidate around the current levels, with a slight bias towards the upside unless significant selling momentum develops.
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#bullrun2024📈📈 #btcupdates2024
The price is trading above key moving averages like the MA(25) and is hovering close to the MA(7), indicating that short-term momentum is still in favor of bulls. If Bitcoin manages to hold above these levels, we could see a continuation of the uptrend.
The price has bounced from $66,775, indicating strong support at that level. As long as this support holds, Bitcoin has a foundation to move higher.
The price is close to retesting the 24-hour high of $68,424. If Bitcoin breaks this resistance level, it could quickly push towards higher targets, potentially reaching $69,000 or more.
The next move for Bitcoin will largely depend on whether it can break through the resistance at $68,424. If it does, the price is likely to move higher, potentially hitting $69,000 or more. However, if selling pressure continues and support at $67,000 is lost, we could see a short-term correction with the price dropping to $66,000 or lower.
In the short term, it seems more likely that the price will consolidate around the current levels, with a slight bias towards the upside unless significant selling momentum develops.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#bullrun2024📈📈 #btcupdates2024
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