Bitcoin Price Surpasses $65,000 Amid Bullish Momentum
- Bitcoin price cleared the $64,500 mark and is trading above the $65,000 level.
- BTC found support at $60,800 before moving past resistance levels of $61,500 and $63,200.
- A high was formed at $65,847 before entering a consolidation phase above the key Fib retracement level.
- The price is currently trading above the critical support of $64,200 with a bullish trend line forming.
- Immediate resistance is noted near the $66,200 level with potential gains up to $68,000 if surpassed.
Bitcoin’s recent price movement has seen it reclaim the crucial $65,000 level amid strong bullish momentum. The cryptocurrency managed to stay above significant support levels and break through key resistances.
With Bitcoin trading above its simple moving average and forming a bullish trend line, further upward movement could be expected if it surpasses immediate resistance points like $66,200. (Source)
