Bitcoin’s Next Big Move Hinges on Break Above This Key level: Bitfinex
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Bitcoin has posted its third consecutive weekly gain, closing around $65,000 last week (+1.7% weekly, +11.5% over three weeks) and remaining above the $61,360 demand zone. Crypto traders are now focused on the $68,000 resistance and a Bitfinex-identified reaction zone between $67,900 and $68,300, where short-term holder realized price and the Q2 opening level converge and could determine BTC's next short-term direction.
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Bitcoin is approaching a key technical level after recording its third consecutive weekly gain. The asset closed last week at around $65,000, rising 1.7% over the period and extending its three-week advance to 11.5%. It also remained above the $61,360 demand zone despite broader market volatility.
Following this sustained recovery, attention has shifted to the $68,000 resistance level. According to the recent Bitfinex report, this level could determine Bitcoin’s next short-term direction. The analysts identified a key reaction zone between $67,900 and $68,300, where the short-term holder realized price and the second-quarter opening level have converged.
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