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Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level

NewsBTC LogoNewsBTC16h ago

Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level - NewsBTC

Quick Summary:

However, the crypto has to scale a major resistance level if the current bull run is to get back on track.$64,000 The Resistance Level To Watch: Analyst In a Quicktake post on CryptoQuant, an analyst with the pseudonym ShayanBTC has put forward an interesting prognosis for the Bitcoin price in the short term.

Related Reading: Bitcoin Investors Accumulate Almost $1 Billion In BTC As Exchange Reserves Falls Towards New Lows The UTXO age bands metric highlights the average price at which Bitcoin holders acquired their coins while considering how long they’ve held the assets.

ShayanBTC added: Conversely, if Bitcoin can break above this realized price, it suggests growing bullish momentum, as new buyers are willing to hold even at higher levels.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 10:00:30 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23017799

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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