Bitcoin

The BTC/USD pair is hovering near $65,000 resistance level and the traders are looking forward to whether the price will break this level or bounce back. In the analyst’s view, Bitcoin might break through to $65k easily, however, it is not clear, which direction the market will take afterwards. The price at the time of writing was $63,458.37, reflecting a drop of 1.26% in 24 hours.<h2 id="header-0">Price Structure and Key Moving Averages</h2>In the chart, there is a clear indication of a market structure break within the $65,054.60 level. This is important since the price of<a href="https://cryptotale.org/bitcoin-below-64k-as-fear-greed-index-signals-correction/" rel="noopener noreferrer nofollow"> Bitcoin</a> has been trading below this level for quite some time now. If it goes beyond this level, it could be a good indication of a new uptrend.Backing the analysis, the daily 200 MA figure is displayed at $63,874.30—this is a key indicator used by many traders to define long-term trends. The price recently broke above this level, signifying a bullish signal. But if the price is unable to remain higher than the moving average, then it could be a signal of a reversal.The 200-day exponential moving average (200 EMA) is also at around $59,595.17. This is another level that traders should look at. Should Bitcoin prices pull back, this could be a level of support. The market has been rather volatile over the past few weeks, with BTC prices ranging between $57,000 and $64,000.<a href="https://cryptotale.org/bitcoin-nears-65000-key-resistance-amid-market-uncertainty/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Nears $65,000 Key Resistance Amid Market Uncertainty

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