Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rockalo on October 12, 2021, 09:20:49 AM
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The price of Bitcoin (BTC) resumed a new uptrend today after rising above $56,000 resistance. This means that Bitcoin is likely to rise to the psychological price level of $60,000.
However, the uptrend could face resistance at the $58,897 high. The high of $58,897 is the historical price level from May 8. Since May 8, the BTC price has not been able to rise above $58,897. Today, BTC/USD will make another move when it breaks out above the historical price levels of $58,897 and $63,537. At the time of writing, the cryptocurrency is nearing the high at $56,654, but if the current uptrend is broken and the price falls below the support at $56,000, the market will likely fall. The bears will push bitcoin to the lows of $54,000 and $52,590. More information: please click here
(https://coinidol.com/bitcoin-breaches-56000/)