As the daily chart reveals, the Bitcoin price is trading near the resistance level of $65,000 as the recovery comes slowly.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $68,000, $70,000, $72,000
Support Levels: $57,000, $55,000, $53,000
BTCUSD – Daily Chart
At the time of writing, BTC/USD is seen trading at $62,864 after soaring above the 9-day MA and 21-day moving averages in the early hour of today’s trading. The first digital asset is also seen pulling back to where it is currently trading and may likely head downwards if the bears step back into the market.
Bitcoin Price Prediction: Bitcoin (BTC) May Range-bound
On the bullish side, it is important for the Bitcoin price to remains above the 9-day and 21