Bitcoin Fails to Break the 60K Threshold
The dollar's accelerated losses due to Fed expectations had only a limited impact on Bitcoin's rise. U.S. spot Bitcoin ETFs recorded their highest daily inflows in nearly two months. However, as the U.S. elections approach and Kamala Harris performed better than Donald Trump in the latest TV debate, cryptocurrencies, led by Bitcoin, lost value.
From a technical perspective, if Bitcoin breaks below the 57,330 level, a further decline toward the 55,800 and then 54,000 support levels could occur. On the upside, if it surpasses the 60,000 resistance level, the 63,000 and then 65,000 resistance levels could be tested.
From a technical perspective, if Bitcoin breaks below the 57,330 level, a further decline toward the 55,800 and then 54,000 support levels could occur. On the upside, if it surpasses the 60,000 resistance level, the 63,000 and then 65,000 resistance levels could be tested.
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