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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

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    Rallies 10%, Polygon Bulls Aim Big

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Bitcoin Price Keeps Rewarding Investors; Here Are The Levels To Watch Targeting $70,000

2021-10-29
in Bitcoin
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Bitcoin Price Prediction: BTC Return To $62,000 Extends Winning Streak Aiming For $68,000
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  • Bitcoin worth again within the bulls’ arms after diving to $58,000 mid-week to onboard extra patrons.
  • Bulls should offset the promote sign from the MACD and be sure that the uptrend to ATH and later $70,000 stays intact.

Bitcoin confirmed our prediction earlier within the week {that a} dip below $60,000 would do extra good than hurt its bullish progress. The flagship cryptocurrency went forward to check help on the decrease fringe of the demand space, highlighted in inexperienced on the chart, exactly at $58,000.

This pullback made BTC extra engaging to merchants and holders who consider that Bitcoin is initially of an enormous rally which may see it swing to $100,000 by the tip of December. Therefore, the customer energy behind the most important cryptocurrency can’t be emphasised, particularly now that promoting strain is diminishing with traders deciding to HODL.

Bitcoin Value Sustains Restoration Above $60,000

On the time of writing, Bitcoin trades at $61,600 following a rebound on Thursday. Though painted pink on Wednesday, the market flipped into a powerful shade of inexperienced, primarily bolstered by BTC’s reclamation of $60,000 and $61,000 ranges.

In keeping with the Relative Power Index (RSI), patrons have the higher hand on the every day chart. The RSI follows the asset’s pattern and calculates the power of the bulls and the bears. Because the index strikes from the midline towards the overbought space, it reveals that bulls are getting extra aggressive.

BTC/USD Day by day Chart

BTC/USD price chart
BTC/USD worth chart by Tradingview

However, we can not ignore a promote sign on the Shifting Common Convergence Divergence (MACD) indicator. The decision to dump BTC appeared when the 12-day EMA crossed beneath the 26-day EMA. This elevated the percentages favoring the bears, which implies patrons should put in much more vitality to maintain the uptrend intact.

So long as help within the inexperienced space is sustained, we anticipate Bitcoin to combat off the bearish sign and proceed to scale the degrees above the brand new all-time excessive at $67,000 earlier than transferring larger to $70,000.

Bitcoin Value Intraday Ranges

Spot charge: $61,650

Development: Bullish

Volatility: Low

Help: $58,000

Resistance: $67,000



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