đ°đ°Bitcoin in a good position to break recordsâ đ°đ°
Bitcoin (BTC) has regained the $65,000 level by rising above the 200-day moving average. Analysts stated that this level could be a potential support point.
Investors have started to turn to BTC with the macroeconomic data coming from the US. BTC, which rose to $65,851 on September 26, was evaluated as "in a good position".
Analysts believe that China's latest stimulus packages and the upcoming US presidential elections have pushed BTC above $65,000.
Bitcoin is getting stronger day by day. The strong return in the price chart has positively affected investors' expectations for the future. Investors, who thought that the declines would continue a month ago, have taken action in recent days due to the fear of missing out on the increases.
Bitcoin analysts predict that BTC needs to close above the 200-day moving average, which corresponds to $63,855, for the rise to continue. Popular trader Crypto Daan Trader said in his X post on September 26, âBitcoinâs price is on the rise again on the daily timeframe and is trading above the 200 MA. I want to see the daily close above this level ($65,200) to fully confirm the breakout.â In addition, the analyst determined the peak of the âpost-accumulation rallyâ cycle as $100,000.
MN Capital founder Michael van de Poppe predicts that BTC could reach an all-time high if $65,000 becomes a support point.
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