Skip to main content

Bitcoin- 64,500 to 67,500 seems to cover if for now

Yesterday, despite catching a ride on the weaker dollar and higher stocks the day before, Bitcoin could not extend beyond 68k. Whilst the more than $7000 rise from the lows seen the day before did snap the corrective downside move, it has not been able to make further progress since. Perhaps the rebound in the dollar was a headwind yesterday? Well, leaving that aside, BTC dropped back to a low at 64,550 just ahead of the wider US market close last night. Since then it has rebounded to a high earlier today at 66,634. It is off that high right now though and seemingly trading in a pretty defined range for the time being. The nearest topside resistance could be at 67,415, which is where the 21 day moving average currently resides. Immediate support remains in place around 64,500. Bitcoin is currently trading at 65,955

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!