Breaking The Previous Resistance

Bitcoin tests the $62,700 resistance as it approaches a critical weekly downtrend. Holding this level could set Bitcoin up for a push towards the $71,000 target, with key support at $60,000.

10/15/20241 min read

Bitcoin challenges the $62,700 resistance, aiming for a $71,000 target, while key support remains at
Bitcoin challenges the $62,700 resistance, aiming for a $71,000 target, while key support remains at

Bitcoin traded in a range for two days before attempting to break the $62,700 resistance with the opening of global markets. Now, Bitcoin is on the verge of challenging the weekly downtrend. Whether it successfully breaks this trend or not, by holding the newly broken $62,700 level, Bitcoin will soon have its sights set on the $71,000 target. Additionally, the key support remains at $60,000.