Bitcoin Back Below $64K: Watch This 'Line In The Sand' For Directional Bias, Says Veteran Trader
Portfolio Pulse from Khyathi Dalal
Bitcoin's price has dropped below $64,000, with analyst DonAlt highlighting the $64,000-$65,000 range as a key resistance level. He suggests a potential breakout but warns of a possible bear market if Bitcoin fails to rise. Short-term support is identified at $62,600, with deeper support at $61,600.
September 30, 2024 | 4:20 pm
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Bitcoin's price has fallen below $64,000, with key resistance at $64,000-$65,000. Analyst DonAlt suggests potential for a breakout but warns of a bear market if prices don't rise. Short-term support is at $62,600.
The article discusses Bitcoin's current price movement and key resistance and support levels. The analysis by DonAlt suggests potential for a breakout, but also warns of a bear market if Bitcoin fails to rise. This creates a neutral short-term outlook as the market could move in either direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100