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Why Bitcoin MUST close above $64,000 in the coming days
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Bitcoin’s correction has lasted for over a week now, with its value shedding by over 7% after touching record levels around $67,000. However, the king coin, at press time, was in the middle of gradual recovery after testing a robust support zone. Much focus would now be on BTC’s next peak. If the price is able to best its previous swing high of $63,733, BTC could be well on its way to bigger landmarks heading into November.
However, a deeper correction lay in its wake should BTC falter on its ascent towards $64,000.
At the time of writing, Bitcoin was trading at $61,000, up by 4% over the last 24 hours.
Source:
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