Bitcoin Holds Bullish Probability Above This Level
Published At: Apr 07, 2024 by
Gareth Soloway
Bitcoin continues to hold its bullish probability with price trading above the key trend line shown in the chart. Upside resistance remains the all-time high just under $74,000.
Should Bitcoin break the key trend line around $66,000, a bearish probability takes over with downside support not seen until $52,000-$49,000.
Bitcoin is a risk asset, so the bigger question is; can it hold up with the S&P potentially breaking lower? Is the halving and institutional interest enough to keep price up?
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