Bitcoin Testing A Critical Resistance Level Now Youtube I cover your key levels for bitcoin and show why now might be an ideal point to open a short, or at least a scalp short. if we get a daily open above a key. The key to a sustained bullish move lies in bitcoin’s ability to hold above this resistance for at least three consecutive days. if bitcoin can stay above this level, it would confirm a bullish breakout and make a stronger case for a rally through the remainder of 2024. the relative strength index (rsi) adds another layer of complexity.
Bitcoin Testing Critical Resistance For Bybit Btcusd P By Lwils2169 Now, this resistance is receiving its first test, which will unlikely be passed on the first attempt. the critical levels to hold for bitcoin to avoid any breakdown are found in the $44,800. If stablecoin dominance continues to drop, it could fall to support around 6.28%, further reinforcing bitcoin’s upward momentum. conclusion: bitcoin’s path forward and dominance shifts. bitcoin has successfully broken through key resistance levels, and the next challenge lies just above $70,000. the $11 billion in short liquidations sitting. At present, bitcoin’s price is hovering between the realized prices of these two groups: $64k for the short term holders (3 6 months) $55k for the long term holders (6 12 months) bitcoin recently surged toward the 3 6 month holders’ realized price of $64k, indicating a test of this key resistance level. Technical analysis: bitcoin's critical resistance levels. bitcoin's technical analysis suggests that the price is currently testing a crucial resistance level around $60,000 to $62,000. the price action near this resistance zone will be pivotal in determining bitcoin's next major move.
Urgent Bitcoin Breaking Thru Resistance Right Now 400 To A At present, bitcoin’s price is hovering between the realized prices of these two groups: $64k for the short term holders (3 6 months) $55k for the long term holders (6 12 months) bitcoin recently surged toward the 3 6 month holders’ realized price of $64k, indicating a test of this key resistance level. Technical analysis: bitcoin's critical resistance levels. bitcoin's technical analysis suggests that the price is currently testing a crucial resistance level around $60,000 to $62,000. the price action near this resistance zone will be pivotal in determining bitcoin's next major move. Immediate resistance is found at $66,782, with further resistance levels at $68,174 and $69,994. a breakout above these levels could signal a continuation of the bullish trend, potentially driving bitcoin’s price higher. bitcoin is at a critical juncture, hovering near $65,000. a breakout above this key resistance could push prices higher. In looking at the next bitcoin price trajectory, crypto analyst rlinda pointed out in a tradingview post on may 18 that bulls are now ready to challenge bitcoin resistance. according to the analyst, buyers have pushed bitcoin’s price upward after successfully defending the $64,500 $65,000 support range, testing the resistance at $67,250.
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