Bitcoin Recovery Sparks Hope For $73,811 Breakout, New All-Time High In Sight?

Quick Summary:

The Road To Recovery: Bitcoin’s Recent Bullish Momentum After a recent recovery at $65,082, BTC’s price on the 4-hour chart has steadily gained strength, edging closer to its all-time high of $73,811 with an eye on a potential breakout.

Following a significant recovery, Bitcoin is once again climbing, with the pivotal $73,811 mark in sight. This renewed upward movement signals a potential breakout, raising the question: could Bitcoin be on the verge of a historic rally?

Typically, the RSI’s movement toward the 77% level is seen as a strong bullish indicator, suggesting that buyers remain in control, potentially paving the way for further upward price action.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: SMA Bitcoin Bitcoin Bullish Candlesticks Relative Strength Index RSI BTCUSDT Btc Btcusd Simple Moving Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 20:30:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23332023

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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