Analyst: Bitcoin Key Resistance at $70,000
Avinash Shekhar, co-founder and CEO of Pi42, said in an interview that ‘Bitcoin is approaching a key resistance level at $70,000, which is being driven by several factors including Kamala Harris’ support for cryptocurrencies, and Trump's 60 per cent chance of winning the election.’
He added, ‘The bulls are aiming to reach $72,000 in the near term, while bearish investors want the price to stay above $66,500.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sony Bank to Issue US Dollar-Pegged Stablecoin in the United States
USDC Treasury burns 60 million USDC on the Ethereum network
Data: Bitcoin faces resistance and pulls back at 92,000 USDT, with market trading volume at its lowest since July.
Trending news
MoreCrypto prices
More
