Bitcoin Resumes a New Uptrend, Targets the $67,000 Resistance

[Rockalo]

Bitcoin (BTC) has rebounded after a recent slump. Today, Bitcoin faces another rejection at the $62,300 resistance zone.

The cryptocurrency seems to be falling after hitting the resistance zone. However, for BTC/USD to resume its upward momentum, buyers are expected to push BTC above the $64,000 high.

This will catapult the BTC price to a retest of the high at $67,000. If the bulls overcome the current major resistance, the bitcoin price will rally to a level between $70,000 and $80,000. For the bears to continue their downtrend, the current support at $60,000 must be broken. Bitcoin will then fall further to the low of $58,500. However, if buyers successfully defend the psychological price level of $60,000, the support will hold. This will give BTC prices a new uptrend. More information please click here


Appreciate your opinion. Now Btc price $58k+