2024

Bitcoin

Resistance

Read

<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">
</figure>
<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 $67,000, aligning with the highest traded volume level.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 2 thg 7, 2024

Polygon (MATIC) Price at Risk as Whales Start Selling

Polkadot Breaks Resistance: Analysts Eye an 83% Surge to $12 – Here’s Why

UK deploys AI cameras to monitor drivers for mobile phone use and seatbelt violations

The BlockDAG Boom: 8,270+ Mining Rigs Grabbed Up By Miners, Eclipsing Ethereum's Outlook and Chai...

Robinhood to launch crypto futures in the U.S. and Europe

Analyst Predicts Bitcoin’s Price Surge

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!