Bitcoin price short-term key resistance level analysis - focus on $63,795 support and $68,900 resist

Columns：Cryptocurrency Opinion and Analysis author：BTCZXW time：2024-08-26 21:25:53

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The short-term trend of Bitcoin price is near a key resistance level.

A sustained hold above the 100-day moving average of $63,795 will help reignite bullish momentum. However, a break below the 200-day moving average of $63,419 could signal a larger correction.

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Technical indicators show a neutral to optimistic trend, but potential downside risks remain. Failure to break through the downward resistance of $68,900 or a break below the support of $60,000 could trigger further selling.

In general, the uncertainty of the macroeconomic environment will be a key factor affecting the future of Bitcoin, and investors need to pay close attention to the monetary policy trends of the Federal Reserve.

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