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<ul class="news-points">
 <li>Following days of extreme volatility, BTC established a ranging zone around $62K.</li>
 <li>An analyst identifies $61K and $72.4K as support and resistance, where a breach would be significant.</li>
 <li>Bitcoin is expected to further crash to $51,200 or soar to a price of $86,000.</li>
</ul>
Following days of bloodbath in the crypto market, Bitcoin appears to have found a new ranging zone around the $62K threshold. According to CoinMarketCap data, Bitcoin saw a 3.21% drop in the last 24 hours, with its price at $61,800.&nbsp;
Similarly, Ethereum mirrored Bitcoin’s trajectory, witnessing slight negative gain over the past day, with its price at $3,020. Meanwhile, other prominent digital assets ranking in the top ten, like BNB and Toncoin (TON), have registered paltry positive gains of below 1% at press time.
Amid Bitcoin’s newfound trading zone, prominent market watchers like Ali Martinez are forecasting the market’s next move, considering bearish and bullish scenarios. In a recent post on X, Martinez pointed out Bitcoin’s most crucial support and resistance levels amid consolidating in a parallel channel. He noted that the asset’s crucial ranging point is between $61,000 and $72,4…
The post <a href="https://coinedition.com/bitcoin-holds-steady-at-62k-can-bulls-push-past-72k-resistance/" rel="noopener noreferrer nofollow">Bitcoin Holds Steady at $62K: Can Bulls Push Past $72K Resistance?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Holds Steady at $62K: Can Bulls Push Past $72K Resistance?

Coin Edition

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