Bitcoin🟠: Key Support and Resistance Levels
• Strongest Support Level: Currently at $62,400, which is the average purchase price for wallets that bought Bitcoin in the last 6 months. It is unlikely that this level will be broken at the moment.
• Nearest Resistance Level: A daily close above $69,100 would signal a return to a positive market trend.
• Another Support Level: There is also a nearby support level at $65,800, but $62,400 is the stronger level in the medium term.
Altcoins
Many altcoins have broken significant lows due to the increased dominance of Bitcoin. If you are an investor, it is advisable not to sell at these levels because the market could rebound at any time.
