The Real Victory in Bitcoin Will Come If It Exceeds This Level! đ
Bitcoin (BTC) bulls should not rush to rejoice! According to Bitfinex analysts, it is vital for the BTC price to exceed the $65,200 level. Although the upward wave that started after the US Fed's interest rate cut in the crypto market has made a splash, analysts think that this rise is not enough yet.
Bitfinex experts say investors are acting out of FOMO (fear of missing out), which could lead to potential price volatility. However, they warn: "For the cycle to truly change, BTC must break through this critical level!"
BTC has surged by an impressive 16% since the beginning of September, but this has not satisfied Bitfinex analysts, who say the market is still in a bearish trend as long as it remains below the $65,200 level.
The peak of $65,200 on August 25 is of great importance. Analysts predict that once this level is broken, BTC could finally break out of its downtrend. So far, BTC has failed to break out of this critical resistance and has followed a course that fits the technical definition of a downtrend. The result? This level must be broken for the real victory of the bulls!
What do the charts say? The price is giving bearish signals with lower highs and analysts are watching for the $65,200 breakout. If this level is broken, the doors to a real rally in BTC could open! đ„
So do you think BTC will be able to overcome this critical threshold?
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