BTC/USD Heading Towards $51,689 Resistance
Bitcoin has been in steady accumulation since 1st touching the $51,689 resistance level. From here, Bitcoin looks like its heading back up towards that same level and breaking out higher from there after holding support along this well-respected uptrend and support levels in the high-40k region.
Bitcoin has been steady holding $44,854 & $47,410, which offers the signal of continued bullish momentum in the markets. The next resistance level for Bitcoin is the $51,689 level, followed shortly after by the $54,028 (2.618 Fib) level.
Moving into the end of the month, i'm expecting Bitcoin to reach the 55k resistance level. From there, i'll update you on the price actions.
As always please do your own research, I am not a financial analyst
Bitcoin has been steady holding $44,854 & $47,410, which offers the signal of continued bullish momentum in the markets. The next resistance level for Bitcoin is the $51,689 level, followed shortly after by the $54,028 (2.618 Fib) level.
Moving into the end of the month, i'm expecting Bitcoin to reach the 55k resistance level. From there, i'll update you on the price actions.
As always please do your own research, I am not a financial analyst
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