$BTC What comes next? Bitcoin (BTC) Forms Golden Cross: Possible Scenarios

At the time of writing, BTC was up 2.37% in the last 24 hours to $68,610 having reached intraday highs of $68,758. Bitcoin began to rebound after finding support at a low of $65,500 on Oct. 25. Bulls have maintained the upward trend, and if Bitcoin closes in the green today, it would be the third straight day of gains.

Buyers will need to push the price above $69,550 to signal a resumption of the upward trend toward the top of the current range at $73,777. There is resistance at $70,000, but it may be crossed. In this scenario, Bitcoin might reach $72,000, but bulls are expected to confront stiff resistance from bears.

On the downside, a breakdown might give the bears the upper hand, with the BTC price closing below $65,000. If that happens, Bitcoin could fall below the 50-day simple moving average of $63,254 and then to the critical support of $60,000.

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