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Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K

June 3, 2024

Category:

Bitcoin

Bitcoin’s daily chart highlights a major uptrend starting in early May, peaking at $71,958, followed by a slight pullback and consolidation near the $68,000-$70,000 range. The daily chart shows support is firmly positioned at $66,000, with resistance at the recent high of $71,958. The mix of ups and downs suggests ongoing market contention, while a reduction in volume during consolidation hints at a temporary pause in the upward momentum.

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