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Bitcoin Price Prediction: BTC Holds $64K as $60K and $50K Risks Build
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read']
Coinpaper
Bitcoin Faces Heavy Resistance Above $64,000Bitcoin’s four-hour chart shows price consolidating near $64,100 after bouncing from last week’s low around $62,800.
Weekly Bitcoin Chart Warns of a Deeper Drop Below $50,000The second chart presents a longer-term Bitcoin price outlook.
Bitcoin Weekly Chart.
A bullish divergence occurs when price records a lower low while a momentum indicator forms a higher low, suggesting that selling pressure may be fading.
For now, both charts point to fragile support near $64,000.