🚨Bitcoin Market Update: Breaking Resistance and Setting New Highs🚨
In our last update, we discussed the critical need for Bitcoin to break through the resistance at the $58,930 mark and maintain it to confirm the start of an upward trend. As anticipated, this milestone was achieved, and we witnessed a significant price breakout. Currently, Bitcoin stands at $61,753, showcasing strong bullish momentum.
Looking ahead, I expect Bitcoin to test the resistance zone outlined by the resistance line in the provided image, ranging between $62,880 - $63,400. While a price retracement from this point is possible, it seems unlikely given the robust upward thrust of Bitcoin’s price. Should we breach this resistance zone, we are potentially looking at setting a new price peak or, at the very least, retesting the $67,000 region in the near future.
We should keep a close eye on these levels as they could indicate significant market movements. As always, exercise prudent risk management and stay updated with the latest market trends
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