Bitcoin ‘Must Do This Now’, Says Crypto Analyst

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Related Reading: Bitcoin Forecast: Expert Reveals 4 Reasons To Be Bullish On Q4 From a momentum perspective, the analyst drew attention to the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators.

In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing.

From a bullish perspective, Gambardello is waiting for a breakout above $63,700.“We’re looking for bullish confirmations to break this entire range and really currently it’s like $63,000 or up to around 63,700 – that’s the range, it’s not even a big range for Bitcoin to make the move but that’s what we’re watching,” he remarks.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin technical analysis Btc price Btc Bitcoin Bitcoin news Bitcoin price Bitcoin Bitcoin price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 07:30:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 71 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22305899

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