Bitcoin Price Analysis: Are BTC Bulls Really Back or is the Breakout Above $60K Fake?

Crypto Blog

Bitcoin’s price has finally found support and is demonstrating a rapid recovery. Yet, there is still one major obstacle it needs to break through.

However, the decline has come to a halt at around the $50K mark, and the market has since spiked back above the $60K resistance level. The market has reclaimed both $57K and $60K. Yet, the breakout above $60K could be a fake one if the market quickly drops back below. If not, the $64K resistance level would be the next target for BTC as it would likely continue toward a new all-time high.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Price Analysis: BTC Not Quite Ready to Challenge $60K, Watch This Level FirstCrypto Blog
Read more »

Bitcoin Price Analysis: Likelihood of a BTC Drop to $52K Increasing Following Recent DeclineCrypto Blog
Read more »

Bitcoin Price Analysis: BTC Bulls Back in Town but Will $60K Fall?Crypto Blog
Read more »

Bitcoin Price Analysis: Massive Volatility for BTC Around $64K but What’s Next?Crypto Blog
Read more »

Bitcoin Price Analysis: Here’s What it Will Take for BTC to Break Above $65KCrypto Blog
Read more »

Bitcoin Price Analysis: Here’s the Next Target for BTC Before Bulls Can Hope for $70KCrypto Blog
Read more »