Bitcoin Bulls Back in Action As Price Reclaims Pivotal Range: Yet $70,000 May Not be Easy to Achieve

Quick Summary:

Bitcoin price soared above the pivotal range, squashing the hopes of another bearish weekend as the selling pressure wanes to a large extent.

The above chart appears bullish, but the token does not appear to have completely risen above the bearish influence.

This may be a signal of the beginning of a fresh ascending trend, which may then elevate the levels above the key resistance at $65,000, which may further offer a base to reach $70,000.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Bitcoin News Latest News Pivotal Range News Bitcoin Bulls Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 05:19:38 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21647822

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Official Website: bitcoinworld.co.in

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