Bitcoin Back Below $64K: Watch This ‘Line In The Sand’ For Directional Bias, Says Veteran Trader
Posted On September 30, 2024
As Bitcoin (CRYPTO: BTC) prices dropped below $64,000 in Monday trading, veteran crypto analyst DonAlt sees potential for a significant breakout but urges traders to remain cautious.
What Happened: In the latest podcast update, DonAlt highlighted the importance of Monday’s monthly close, noting it could be “the 18th close above $65,000 or above $58,000 rather.” He sees the $64,000-$65,000 area as a key resistance level to watch.
Referring to Bitcoin’s recent consolidation around the $58,000-$65,000 range, he said, “I think there’s a very high chance and much higher than breaking it, that that we’re …
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