2024

Bitcoin

Resistance

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<p>The post <a href="https://coinpedia.org/news/bitcoin-price-forecast-resistance-tested-67k-in-sight/" rel="noopener noreferrer nofollow">Bitcoin Price Forecast: Resistance Tested, $67K in Sight</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In recent insights shared by a crypto analyst, identified as Bitcoinsensus, attention has been drawn to a critical resistance level impacting Bitcoin’s current market trajectory. This analysis focuses on Bitcoin’s positioning relative to support levels observed between March and June.&nbsp;</p>
<p><em>Read on to know how long it would take for Bitcoin to reach $67K.&nbsp;</em></p>
<h2 class="wp-block-heading" id="h-current-bitcoin-market-status-nbsp">Current Bitcoin Market Status&nbsp;</h2>
<p>As of July 2, 2024, Bitcoin is valued at $62,572. Earlier this year, in mid-March, it peaked above $73,000 before stabilising in a sideways pattern, trading between $71,700 and $58,000 throughout June, closing the month at $62,617.</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="900" src="https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51.png" alt="" class="wp-image-321985" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-1536x864.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/07/02193828/image-51-150x84.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<h2 class="wp-block-heading" id="h-bitcoin-s-resistance-and-volume-profile-insights-nbsp">Bitcoin’s Resistance and Volume Profile Insights&nbsp;</h2>
<p>The crypto market insider highlights a resistance barrier linked to a significant volume node within Bitcoin’s trading range from March to June. This node represents a critical point on the volume profile where substantial trading activity has occurred. Should Bitcoin successfully breach this resistance level in the near term, Bitcoinsensus anticipates a potential price surge towards $67,000, aligning with the highest traded volume level.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> is currently encountering resistance at the value area low of the range from March to June. Additionally, a high volume node is evident on the volume profile. If we manage to break out decisively in the coming days, there is a high probability of pushing up to $67K, where… <a href="https://t.co/veBniTI512" rel="noopener noreferrer nofollow">pic.twitter.com/veBniTI512</a></p>— Bitcoinsensus (@Bitcoinsensus) <a href="https://twitter.com/Bitcoinsensus/status/1808109111642673180?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>On July 1, Bitcoin displayed positive momentum, with a green candlestick closing around $62,861 on the daily chart.&nbsp;</p>
<p>Bitcoin’s current position at a crucial resistance juncture implies significant implications for its short-term price direction. A breakthrough above this resistance could pave the way for further gains towards $67,000.</p>

Bitcoin Price Forecast: Resistance Tested, $67K in Sight

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