Bitcoin Price Prediction – Bulls Eye a Return to ,000. Avoiding sub-,000 Key, However


For the Afternoon Ahead

Bitcoin would need to avoid a fall back through to sub-$62,000 levels to take another run at the third major resistance level at $64,505.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $63,160.0.

Barring an extended crypto rally, resistance at $63,500 would likely cap any upside.

In the event of another extended rally through the afternoon, Bitcoin could test resistance at $65,000 levels before any pullback. The third major resistance level sits at $64,505.

A fall back through the major resistance levels and the $60,619 pivot would bring the first major support level at $59,716 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$59,000 levels.

The second major support level sits at $58,676.

Looking beyond the support and resistance levels, we saw a bullish cross this morning. The 50 EMA broke through the 200 EMA and narrowed on the 100 EMA through the morning.

We also saw the 100 EMA pull away from the 200 EMA, delivering additional support.

Through the 2nd half of the day, a further narrowing of the 50 EMA on the 100 would bring $65,000 levels into play.

Key through the late morning and early afternoon, however, would be to avoid a fall back through to sub-$60,000 levels.



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