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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