306,676 BTC Support Might Halt Bitcoin’s Decline to $60,000, Here's How

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BTC recovered from this low with a surprising drive for the crypto asset, and it has since demonstrated unusual resilience and stability above $66,000, which remains a critical support and milestone for the top cryptocurrency.As Bitcoin remains above $66,000, Ali, a crypto expert, identifies the most crucial support for Bitcoin. A breach of this crucial support may result in selling pressure, dragging Bitcoin closer to the $60,000 mark.

The 306,676 BTC transaction volume at $66,112 is a solid and bullish indicator for Bitcoin, demonstrating the strength and support for the leading cryptocurrency at this crucial price level.was up 1.25% in the previous 24 hours to $67,032. Bulls appear to be attempting to resume the uptrend by pushing the price above $67,000 and eventually past the recently set all-time high of $69,000.Expectations are rising ahead of the much-anticipated halving event in April 2024.

However, previous performance does not guarantee future returns. That said, the magnitude of Bitcoin's gains before and after the halving event remains unknown. Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Source: Digital Coin News (digitalcoinnews.net)

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