3 min readBITCOIN (BTC/USD):
As I mentioned in my previous article, I expected this support level, which aligned perfectly with the key psychological threshold of $60,000, to hold—and it did so flawlessly. While last week didn’t bring much momentum to the cryptocurrency market, we began to notice a shift in sentiment and an increase in volatility starting late Friday afternoon and continuing into the weekend.
Taking a closer look at the technicals, it’s evident that there are some internal resistance levels to watch as the price moves upward. The first is the descending trend line, which aligns well with the resistance zone around $66,000. At the moment, the RSI indicator shows no signs that the current price action is slowing down or entering “overbought” territory.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
