Bitcoin price analysis can it rise to 69000 💲?
Quote from Cointeregraph
Bitcoin rebounded from 66,000 dollars on 7/21, but stalled at close to 68,500 dollars on 7/22. This indicates that bears are selling when rising
If the $66,000 level breaks, there is a possibility that the BTC/USDT pair will fall to the 50-day SMA ($63799) support. A strong rebound from the 50-day SMA indicates that sentiment has turned positive and traders are buying with dips. Buyers will make another attempt to push the price up from $72,000 to the $73777 upward resistance zone.
Contrary to this, if the price falls below the 50-day SMA, it indicates that sellers are in control. The pair could then fall to the 20-day SMA ($61126).
Contrary to this, if the price falls below the 50-day SMA, it indicates that sellers are in control. The pair could then fall to the 20-day SMA ($61126).
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