Bitcoin has gained recently, rising to its highest price since May 19. What key levels of resistance will the cryptocurrency face next?
“If bitcoin moves above that level, and successfully retests it, the uptrend can accelerate,” added Noble.
“After reaching above $43,000, Bitcoin prices will face newly formed resistance at the $45,000 price level with added further pressure to the already existing $50,000 resistance level. While the aforementioned analysts largely focused on the resistance that bitcoin could encounter if it keeps climbing in value, Wujastyk spoke to the key levels the digital currency might encounter if it decreases in value.
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