Coinidol.com: Bitcoin Resumes Its Range Above $60,000

Bitcoin's (BTC) price has moved back above the key $60,000 support level.

Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $80,000, $75,000, $70,000

On the 4-hour chart, BTC is in an upward correction above the moving average lines. At the most recent high, this upward correction was rejected.

However, selling pressure is likely to return whenever the price falls below the moving average lines. In that case, Bitcoin is expected to recover towards its critical support level above $60,000.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.