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Bears Test Support Prices, Will the Decline Continue?

rtonline - 2024-10-17 22:01:54



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Bitcoin, which has been on the rise for about a week, fell sharply today to $66,800. The bears are testing price supports and want to push Bitcoin even lower, while the bulls are struggling to take back the initiative. Bitcoin has strong support at $66,780 so I don't expect any further declines, but if the $66,780 support is broken, Bitcoin could drop to its monthly opening price of $63,300.


Bitcoin is currently trading at $66,986 and is struggling to reclaim $67,000. If it regains $67,000, it may continue its rise and even bounce to $70,000 with the increase in buyers. We'll wait and see.



This is not investment advice, please do your own research before investing.