3 min readBITCOIN (BTC/USD):
Bitcoin has finally surged past the critical psychological milestone of $70,000.00! Below, you can see how it broke out of the prior resistance zone, retested this area as support, just as I highlighted in my previous article as a key level for BTC, and then continued to climb, overcoming additional resistance levels before ultimately reaching that pivotal $70,000.00 mark.
Zooming out, the next logical target for a continued upward move would be the external resistance zone around $73,000, aligning with previous all-time highs. The RSI indicator shows we’re approaching the 70% level, yet there are currently no clear signs of the price being overbought.
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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.
