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Bitcoin Eyes $70,000 In September
Bitcoin
Long
Bitcoin Eyes $70,000 In September
By Coinpedia-Market-Insight
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Sep 19
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Sep 19
BTC tests resistance at $62,600, 61.80% Fibonacci level, indicating a breakout potential.
A successful breakout could push BTC toward $65,600 and possibly $68,500 (78.60% and 100% Fibonacci levels).
The MACD indicator shows strong bullish momentum with rising positive histograms.
The support levels to watch are $60,000 (50% Fibonacci) and $58,300 (38.20% Fibonacci).
Golden crossover between the 50 and 200 EMA in the 4-hour chart strengthens bullish sentiment.
BTC is on track to potentially hit the $70,000 mark by the end of September.
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