Bitcoin Price Prediction: All Eyes On Multi-Billion Dollar Liquidations As Bulls Aim To Reclaim $65k

Quick Summary:

The Bitcoin chart indicates a struggle around the $63,000 to $64,000 resistance area in the short term, according to analyst Josh of Crypto World.

Historically, brief dips below this level have been followed by recoveries, as seen in August of last year and March 2023.

A bearish trend reversal would require a confirmed candle close below approximately $55.8k on the 4-day timeframe, which has not occurred.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Breakout World News Resistance Trend Cryptocurrency Bitcoin Chart Crypto Bullish Analyst

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 04:15:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 21644841

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Official Website: coinpedia.org

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