Bitcoin Technical Analysis: BTC Surges Past $69K, Faces Key Resistance Near $70K
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On July 29, 2024, Bitcoin maintained its bullish trend, showing significant strength across multiple time frames. Currently trading at $69,456, Bitcoin has experienced a 24-hour price range between $67,618 and $69,842.
Key technical indicators suggest the cryptocurrency's upward momentum is likely to persist. The 1-hour chart indicates a steady uptrend, signaling continued growth.
Despite the positive trend, Bitcoin faces key resistance near the $70,000 mark. Breaking this resistance could pave the way for further price increases.
Source: news.bitcoin.com ↗
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