Bitcoin Price Technical Analysis: BTC/USD Facing Heavy Resistance Near the $66,000 Zone
- WBOYOriginal
- 2024-07-18 08:21:391073browse
Bitcoin price started a steady increase after it cleared the $60,000 hurdle. BTC/USD broke a few important resistances near the $63,000 level to enter a positive zone.
Bitcoin price showed signs of strength and clear resistances above $63,000 to enter a positive zone. A close above $66,000 might spark another strong increase. Conversely, the price could start a downside correction with immediate support at $62,400.
Gold price recovered from the $2,440 support zone and started a fresh increase. The bulls seem to be aiming for more gains above the $2,480 resistance level.
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