Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?
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Bitcoin (BTC) recently broke above its bearish trendline, showing strong bullish momentum and stirring optimism about reaching the $60,152 mark. The article analyzes BTC's recent price formation using technical indicators. BTC's market capitalization is over $1.1 trillion, with a trading volume exceeding $24 billion. Currently trading at around $58,119, Bitcoin is attempting to move towards the $60,152 mark on the 4-hour and 1-day charts. If BTC reaches and breaks above this mark, it could test higher resistance levels at $64,515 and $66,736. Conversely, a rejection at $60,152 could lead to drops towards support levels at $53,541 and $50,604.
Source: www.newsbtc.com ↗
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