• Traders pinpoint three price targets for Bitcoin if $70K holds as resistance Traders map out their desired price targets for Bitcoin if the $70,000 level continues to function as a resistance zone. • Is there any hope for the bulls? • Cointelegraph in your social feed Bitcoin (BTC) analysts mapped out the key BTC price levels to watch as the market’s focus shifted to the $58,000 to $65,000 zone as the last line of defense. • Bitcoin price is wedged between two key levels Bitcoin is currently wedged between the 200-week simple moving average (SMA) at $68,300 and the 200-week exponential moving average (EMA) at $58,400. • Generally, in Bitcoin’s trading history, major BTC bottoms have formed between the 200-week SMA and EMA,according to analyst Jelle. • This suggests thatBitcoin is possibly forming a bottombetween these trendlines.
Article Summaries:
- Bitcoin (BTC) analysts mapped out the key BTC price levels to watch as the market’s focus shifted to the $58,000 to $65,000 zone as the last line of defense. Bitcoin price is wedged between two key levels Bitcoin is currently wedged between the 200-week simple moving average (SMA) at $68,300 and the 200-week exponential moving average (EMA) at $58,400. Generally, in Bitcoin’s trading history, major BTC bottoms have formed between the 200-week SMA and EMA, according to analyst Jelle. This suggests that Bitcoin is possibly forming a bottom between these trendlines. Related: Bitcoin accumulation
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