BTCUSD UPDATE
Bitcoin surged to a crucial level and there are signals of an upcoming reversal! The cryptocurrency market made a strong recovery today, with Bitcoin climbing by 3% to reach the $60,000 mark. The rebound was widespread, with Solana, Filecoin, and Avalanche leading the gains in crypto market caps.
Marcus Thelen, founder of 10X Research, stated that Bitcoin may continue to rise in the short term, possibly reaching $60,000, but he believes this surge will be brief. According to Thelen, while the $55,000 to $56,000 range serves as a technical base for Bitcoin's price, the medium-term technical damage suggests that the current upturn will not be sustained.
Analysts anticipate another Bitcoin upsurge toward $60,000 before a subsequent decline, possibly down to the $50,000 range.
Marcus Thelen, founder of 10X Research, stated that Bitcoin may continue to rise in the short term, possibly reaching $60,000, but he believes this surge will be brief. According to Thelen, while the $55,000 to $56,000 range serves as a technical base for Bitcoin's price, the medium-term technical damage suggests that the current upturn will not be sustained.
Analysts anticipate another Bitcoin upsurge toward $60,000 before a subsequent decline, possibly down to the $50,000 range.
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