Bitcoin Price Analysis: BTC Eyes Upside Break above $65K. Bitcoin price is gaining pace above $60,000 against the US Dollar.
20 Oct 2021, 08:00
Bitcoin Price Analysis: BTC Eyes Upside Break above $65K
Bitcoin price is gaining pace above $60,000 against the US Dollar. BTC remains supported on the downside near the $62,000 and $60,000 levels.
Bitcoin Price AnalysisBitcoin price formed a base above the $55,000 level. As a result, BTC started a fresh increase above the $58,000 and $60,000 resistance levels.
The price gained pace for a move above the $62,000 level and the 55 simple moving average (4-hours). There was also a close above the $62,000 level and the 55 simple moving average (4-hours). The price traded as high as $64,500, and it is now consolidating gains.