Bitcoin (BTC) critical level exceeded: Bullish steps!

Bitcoin (BTC), which has been struggling to exceed $ 64,000 for several days, has finally been able to exceed this level.

The $ 64,000 band, which coincides with the 200-Day Moving Average value, was creating selling pressure on Bitcoin. The leader of cryptocurrencies, which exceeded this level overnight, gave hope for a bull season. Bitcoin, which left the critical level behind, may see increased activity in the short term.

BTC, which gained upward momentum after the Fed interest rate decision, may target higher levels with the approach of the US presidential elections.

BTC, which changed hands at $ 64,218 at the time of writing, will increase bullish signals if it holds $ 63,000 as support. In this process, news flow regarding the crypto sector and developments in the US presidential elections will play a critical role. If positive news comes or Donald Trump is elected president, sharper increases in Bitcoin can be expected. In such a scenario, the levels of 67,091 - 69,800 and 73,684 should be monitored as resistance levels, respectively.

Daily closings below $63,000 will strengthen the hands of sellers. In addition, the arrival of FUD news or the election of Kamala Harris as president may create a negative atmosphere in the sector. The levels of 63,000 - 59,721 - 58,752 - 52,838 and 50,580 can be monitored as support levels, respectively. The $60,000 band, which is technically and psychologically critical, will be decisive for the short/medium term price structure.

(not investment advice)

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