Bitcoin Price Prediction: Bearish Reversal And $60k Retest on Cards

Quick Summary:

This level, which previously acted as resistance, is now expected to serve as support.

If Bitcoin can maintain its position above this critical level—around $65,000 to $67,000—it could mean a continued bullish trend.

Recent market dynamics hint at a long squeeze in play, contributing to bearish sentiment.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Price Analysis Crypto news News Cryptocurrency Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 12:05:57 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23223577

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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