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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    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

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    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

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

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    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

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    Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action

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    Ethereum Price Smashes Resistance, $1,900 Could Be Next

    Bulls Aim Big After Recent Surge Above $0.5

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    Ethereum Breaks USD 4K, Indicators Suggest Short-term Recovery

    Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

    ADA Price (Cardano) Plunge To $0.32 On The Horizon As Bulls Show Weak Hands

    Risk of Sharp Drop Below $300

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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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