Bitcoin

The price of Bitcoin is indicating signs of a possible bullish run. Analyst Michael van de Poppe, in an X post on Tuesday, pointed to Bitcoin&#39;s positive direction while cautioning that the trend needs more affirmation. The analyst has stated that Bitcoin&#39;s liquidity has been restored, and the next major level to the eye is $61.6K. If BTC breaks the important level of $60,000, the way to $65,000 is open.<h2 id="header-0">Critical Resistance Levels</h2>In a <a href="https://www.youtube.com/watch?v&#61;qyFK37ku60Q" rel="noopener noreferrer nofollow">YouTube video</a> on Tuesday, Crypto Rover pointed out that Bitcoin was met with heavy selling pressure at a critical resistance level at the start of the week. Bitcoin tried to push higher earlier but pulled back after testing a previous market high. Rover focused on the factor suggesting that the price should stay above a certain level to produce an upward trend.Impact of U.S. ElectionAlso, the increasing chances of U.S. president-elect Donald Trump, a known pro-Bitcoin candidate, has affected the price of Bitcoin. The performance of the President of the United States of America in the polls affects the price of Bitcoin. In the past, <a href="https://cryptotale.org/bitcoin-holds-strong-as-top-performer-despite-q3-weakness/" rel="noopener noreferrer nofollow">Bitcoin</a> has usually appreciated during election times, and according to analysts, the upcoming election may lead to further rallies.<a href="https://cryptotale.org/bitcoin-faces-key-resistance-as-bulls-eye-potential-breakout/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Faces Key Resistance as Bulls Eye Potential Breakout

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