bullish

Rally

Bitcoin

Resistance

<p>Bitcoin is currently holding above a <strong>critical support level</strong>, positioning itself for a potential upward breakout. As it hovers near short-term resistance, market analysts are watching closely for signs of a move that could present profitable opportunities for investors. The stability of this long-term support level highlights Bitcoin’s resilience, maintaining the interest of bullish investors while signaling the possibility of an upward move.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Bitcoin Prepares for Rally as Key Support Holds Firm 49"></a></p> 
<h2 id="key-support-level-at-65-000-holds">Key Support Level at $65,000 Holds</h2> 
<p>Examining Bitcoin’s 2-day chart reveals strong support just above <strong>$65,000</strong>, a level that remains vital for BTC’s long-term bullish outlook. This support acts as a foundation for potential gains, as <strong>BTC</strong> approaches significant resistance levels in the short term, creating an atmosphere of anticipation among traders.</p> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-26033" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart-20.jpeg" alt="chart 20" width="1644" height="1200" title="Bitcoin Prepares for Rally as Key Support Holds Firm 50" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart-20.jpeg 1644w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart-20-768x561.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart-20-1536x1121.jpeg 1536w" sizes="(max-width: 1644px) 100vw, 1644px"></p> 
<h2 id="resistance-at-66-700-to-68-300-zone">Resistance at $66,700 to $68,300 Zone</h2> 
<p>On the daily chart, Bitcoin is trading within a <strong>resistance zone</strong> between $66,700 and $68,300. If daily closes remain below this zone, a pullback to the next support level at $64,500 could follow. However, a breakthrough above the $69,000 to $69,500 range could lead to a rally towards $72,000, with potential highs reaching $73,500 if momentum builds.</p> 
<h2 id="liquidity-map-hints-at-potential-breakout">Liquidity Map Hints at Potential Breakout</h2> 
<p>Analyzing Bitcoin’s <strong>liquidity map</strong> shows a strong concentration of liquidity between $68,800 and $69,200, suggesting a possible upward breakout. However, liquidity between $64,200 and $64,700 on the downside also indicates uncertainty, signaling investors to prepare for movement in either direction. This liquidity build-up on both sides reflects a market in limbo, where a decisive move could soon unfold.</p> 
<p>Historically, Bitcoin’s consolidation within narrow price ranges has often led to significant moves, as these sideways phases are typically precursors to larger price shifts. <a href="https://www.turkishnyradio.com/unexpected-shift-in-bitcoin-investor-behavior-dynamics-are-changing/" target="_blank" rel="noopener">Investors</a> may consider both long and short positions to capitalize on whichever direction the market ultimately takes.</p>

Bitcoin Prepares for Rally as Key Support Holds Firm

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