Bitcoin's price action on October 23, 2024
here's what to expect based on current technical indicators:
Bullish Scenario:
If Bitcoin manages to hold above $66,000, expect a possible upward movement towards $68,743, which is the key resistance level. Breaking above this resistance could trigger a further rally, targeting $71,645 and potentially $73,687
Bearish Scenario:
If Bitcoin fails to hold the $66,000 support, the next potential downside could bring it toward $64,800, which serves as a secondary support level. A break below this may lead to a bearish continuation
Price Action Summary:
Bullish above $66,000, targeting $68,743 and higher if resistance breaks.
Bearish below $66,000, targeting $64,800
Bullish Scenario:
If Bitcoin manages to hold above $66,000, expect a possible upward movement towards $68,743, which is the key resistance level. Breaking above this resistance could trigger a further rally, targeting $71,645 and potentially $73,687
Bearish Scenario:
If Bitcoin fails to hold the $66,000 support, the next potential downside could bring it toward $64,800, which serves as a secondary support level. A break below this may lead to a bearish continuation
Price Action Summary:
Bullish above $66,000, targeting $68,743 and higher if resistance breaks.
Bearish below $66,000, targeting $64,800
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