Bitcoin Surges Past $93,000 – Can A Breakthrough Unlock New Heights?

Quick Summary:

Related Reading: Bitcoin Price Enters Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 However, if the resistance holds, Bitcoin could experience a pullback or consolidation, with the price retracing toward the $83,211 support level.

Bitcoin’s Renewed Momentum Leading To $93,257 Bitcoin is currently maintaining a bullish stance, holding firmly above the 100-day SMA on the 4-hour chart, a strong indicator of continued upward momentum.

Bitcoin is approaching a critical resistance level at $93,257, a price point that could determine the next phase of its bullish trajectory.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 22:30:26 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23621370

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

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