Bitcoin Poised for Breakout: Targeting $68,000 Resistance
The price is currently at a critical zone, testing the 21 EMA and the pivot level around $58,000. If it breaks above this zone with volume, it may aim for the next resistance around 66.5k-68k (orange R1 pivot and the top of the blue dashed channel).
This confluence of resistance levels suggests that $68,000 could be a key target area where a pullback or consolidation might occur if the price reaches this point.
The MACD shows bullish signs, but it would be important to observe further price and volume action to confirm a breakout.
This confluence of resistance levels suggests that $68,000 could be a key target area where a pullback or consolidation might occur if the price reaches this point.
The MACD shows bullish signs, but it would be important to observe further price and volume action to confirm a breakout.
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