Bitcoin Rebounds Above $61,500 And $80K Is More Likely Than $40K, Says Top Technical Analyst
Posted On October 4, 2024
Pseudonymous technical analyst DonAlt highlighted the tension between bullish high timeframe charts and bearish low timeframe action for Bitcoin (CRYPTO: BTC) as the apex crypto rebounded back above $61,500.
What Happened: In the latest podcast update, the analyst noted Bitcoin’s return to support on the monthly chart, which is “not the best” but not overly concerning too. He added that if there were no upward movement in the next 29 days, he’d start to worry.
The weekly timeframe is “not that bad” although the analyst acknowledged the quick retrace from the previous week’s breakout. He’s watching to see if Bitcoin can hold support …
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