Bitcoin Could Hit New All-Time High If It Breaks Above This Resistance Level, Says Analyst
Posted On October 5, 2024
Bitcoin (CRYPTO: BTC) is on the verge of reaching a new all-time high, according to a prominent crypto analyst. The analyst suggests that Bitcoin must break through a significant resistance level to achieve this milestone.
What Happened: Bitcoin could reach a new peak if it surpasses the $64,000 resistance level.
Inmortal, a well-known trader, shared with his 216,300 followers on X that Bitcoin’s recent decline from around $66,000 to $60,000 might be forming a local bottom. He is considering going long on BTC if it demonstrates a swing failure pattern near $60,000 or gains acceptance above $63,000.
“Breakout above $64,000 = New ATH.”
Meanwhile, another analyst, Kaleo, predicts a short-term dip to approximately …
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