Bitcoin price has continued its upward trend, surpassing the $64,000 resistance level. The cryptocurrency is now holding gains above $62,800 and shows potential for further upside movement. Despite a minor correction, Bitcoin remains well-supported above the $63,000 zone, with a key bullish trend line forming at $63,350. The price is also trading above the 100 hourly Simple Moving Average, indicating a positive outlook.
If Bitcoin clears the $64,500 and $65,500 resistance levels, it could aim for higher gains. The next major resistance is anticipated at $67,200, and a breakthrough in that zone could propel the price toward $68,800. However, the article advises investors to exercise patience, as a failure to surpass the $65,500 resistance may trigger a new decline. Immediate support levels are identified at $63,350 and $62,800, while a drop below $62,800 could lead to a further decline toward the $60,000 support zone.
It is important to note that all investing carries risks, and readers are encouraged to conduct their own research before making any investment decisions. The information provided in the article is for educational purposes only and should not be considered as financial advice.