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Bitcoin Price Analysis: Are BTC Bulls Really Back or is the Breakout Above $60K Fake?
Bitcoin’s price has finally found support and is demonstrating a rapid recovery. Yet, there is still one major obstacle it needs to break through.
On the daily chart, the BTC price has experienced a massive drop since getting rejected from the $68K resistance level.
However, the decline has come to a halt at around the $50K mark, and the market has since spiked back above the $60K resistance level.
Currently, the price is testing the 200-day moving average, which is located around $61K. For BTC to continue its bull run, the 200-day moving average must be broken to the upside, as it is a key trend indicator.
Here are some pure all time great analysis screenshots I’m sharing with you
And be patient love you all and stay tune always ❤️😘#MarketDownturn #Write2Earn!
