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Bitcoin ($BTC) Technical Analysis for the Last 3 Days Overview: As of October 16, 2024, Bitcoin reached a price of $68,000 and is currently trading around this level. Recently, a bullish trend has been observed with periods of consolidation. Bitcoin is trading above its 50- and 200-hour moving averages, indicating bullish momentum, although indicators like RSI suggest overbought conditions. Key Levels: âą Resistance: $68,500 (a key resistance level that Bitcoin needs to break for further upward movement). âą Support: $66,800 (support level based on previous consolidation zones). Forecast: âą Short-term: If Bitcoin breaks the $68,500 resistance, it may move higher toward $70,000. If it fails to hold this level, a pullback to $66,800 or lower is possible. âą Long-term: The bullish trend remains strong, supported by rising trading volumes and demand. However, corrections and volatility should be expected in the coming days. Recommendations: âą Traders should exercise caution, especially considering Bitcoinâs overbought conditions. âą A breakout above $68,500 may signal an opportunity to open long positions, targeting $70,000. âą A pullback below $66,800 may open opportunities for short positions. #bitcoin #ETHđ„đ„đ„đ„ $BTC $ETH
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crypto hodlers problem in 2027 #Bitcoinâ #binancebnb $BTC
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15% is a big win for stock investors đ , but +1500% on crypto futures? Just another day at the office đ #BinanceTurns7 #TradingMotivation $BTC
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BITCOIN CRASH JUST STARTED.#IntroToCopytrading #BinanceTurns7 $BTC
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âĄïžâĄïžâĄïž $LTC â© #ETF âĄïžâĄïžâĄïž #ltc #etf #binance
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