Analyst Sees Hope for Bitcoin if it Breaks Key Resistance – Here’s the Catch
Bitcoin could see brighter days if it climbs above a crucial price hurdle, says analyst DonAlt. He suggests that reclaiming the $60,000 to $70,000 range would set up Bitcoin for potential gains. Currently trading at $58,619, Bitcoin needs to surpass $60,000 to $61,000 to improve its outlook significantly.
However, DonAlt warns of strong resistance at $63,000, which could thwart further gains if Bitcoin fails to push through. On the downside, he notes support around $52,000, though this level isn't as robust as before. If Bitcoin drops below this, a more significant decline towards $42,000 to $43,000 could follow.
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