Bitcoin Price Prediction: $72K Resistance Blocked; Bears Confident in Sub-$69K Levels

Bitcoin Price Prediction: $72K Resistance Blocked; Bears Confident in Sub-$69K Levels

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Bitcoin is presently experiencing a breakout on bigger time frames, however has likewise validated a brand-new bullish divergence in the brief term following its newest pullback. Ethereum and other altcoins are likewise dealingwith important assistance levels while revealing comparable bullish indications. At the time of writing Bitcoin is trading somewhat above the $68k levels and is down by more than 2 percent in the last 24 hours. 

Bitcoin Chart Analysis

According to expert Josh of Crypto World, the four-day Bitcoin chart exposes stability, with little modification over the past day. The 2-day chart reveals that Bitcoin is trading above an necessary assistance level around $65,000, with the general structure staying bullish as greater lows and greater highs are being developed.

Resistance and Support Levels

On the everyday chart, Bitcoin is fac

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