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As we dive into the world of Bitcoin technical analysis, it’s clear that the market is showing signs of positivity, but there’s a significant barrier standing in its way. The big question remains: can Bitcoin break through and reach new heights?
While the future of Bitcoin may still be uncertain, one thing is for sure – Wall Street’s interest in this digital currency is at an all-time high. With the recent excitement surrounding the ETF, Bitcoin has managed to stay afloat despite a lackluster performance.
Currently hovering around the $65,000 level, all eyes are on whether Bitcoin can push past this resistance and head towards $70,000. However, if the market faces short-term pullbacks, the $62,000 level is likely to act as a strong support.
It’s important to view this market through the lens of a potential breakthrough to make a higher high, especially considering that we haven’t seen one since the ETF release. While the past few months may have been challenging, there’s still a sense of optimism surrounding Bitcoin’s future.
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