Reserve Dollar

Jerome Powell

Reserve

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surges-past-64000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $64,000 Mark</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) has successfully breached the significant resistance level of $64,000, sparking investor interest in the subsequent target of $68,000. This breakthrough is viewed as a crucial indicator for Bitcoin’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> price trajectory.</p>
<h2 id="can-64-000-support-hold">Can $64,000 Support Hold?</h2>
<p style="text-align: justify">After remaining under $64,000 for 20 days, Bitcoin climbed to $64,245 on August 23. This surge followed optimistic remarks from Federal Reserve Chairman Jerome Powell about potential interest rate cuts, although no specific timeline was provided.</p>
<p style="text-align: justify">The $64,000 level had been deemed a vital support for BTC since the approval of spot Bitcoin ETFs in January. However, it transformed into a resistance level after the “Black Monday” event on August 5.</p>
<h2 id="analysts-weigh-in-what-s-next">Analysts Weigh In: What’s Next?</h2>
<p style="text-align: justify">Crypto analyst Mister Crypto suggests if Bitcoin stays above $64,000, it is likely to move toward $68,000. This has fueled speculation among investors about when Bitcoin might break its previous all-time high of $68,991 set in 2021.</p>
<p style="text-align: justify">Mister Crypto also mentioned that a significant price movement for Bitcoin over the weekend is unlikely, anticipating consolidation at current levels.</p>
<h2 id="investor-takeaways">Investor Takeaways</h2>
<ul>
 <li>If Bitcoin remains above the $64,000 level, the next target could be $68,000.</li>
 <li>Investors should watch for any consolidations indicating stability at the current price.</li>
 <li>Federal Reserve comments on <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rates</a> can significantly impact Bitcoin’s price movements.</li>
 <li>The Relative Strength Index (RSI) is a useful tool for predicting price actions.</li>
</ul>
<p style="text-align: justify">Meanwhile, <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-record-heights-while-altcoins-lag-behind" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Elja has advised his followers on X that Bitcoin should aim for the $68,000 to $70,000 range, based on the current RSI, which stands at 66.11. At its peak in March, the RSI had reached 79.79, indicating room for growth.</p>
<p style="text-align: justify">Attention remains on whether Bitcoin can maintain its position above $64,000. Holding this level could open the path to $68,000 and potentially higher.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surges-past-64000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $64,000 Mark</a></h5>

Bitcoin Surges Past $64,000 Mark

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