Bitcoin Price Prediction: Are Bulls Gearing Up for a Breakout Above $68,000 or Just Fizzling Out?

Quick Summary:

While the price has been showing a short-term upward trend, this move is still within the larger bearish trend.

According to analyst Josh of Crypto World, for Bitcoin to transition into a long-term bullish trend, it needs to break above the $68,000 resistance level.

Bitcoin is currently approaching an important area of resistance.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Price Analysis News Bitcoin Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 06:38:28 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22691323

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 4 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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