BTC Flips $120K Into Support, Can Bulls Push BTC to New All-Time High?
Bitcoin was trading around $120,000 at press time, up slightly in the last 24 hours and 10% over the past week. The current 24-hour trading volume is approximately $64.2 billion. Traders are now watching the $120,000 level to see if it will act as new support, following a daily close above this key area.
Notably, the recent breakout is being compared to a similar move in mid-August, where a daily close above $120,000 led to a bounce toward $124,000 ATH. The price behavior around this level may help confirm the next direction in the short term.
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BTC Flips $120K Into Support, Can Bulls Push BTC to New All-Time High?
Bitcoin was trading around $120,000 at press time, up slightly in the last 24 hours and 10% over the past week. The current 24-hour trading volume is approximately $64.2 billion. Traders are now watching the $120,000 level to see if it will act as new support, following a daily close above this key area.
Notably, the recent breakout is being compared to a similar move in mid-August, where a daily close above $120,000 led to a bounce toward $124,000 ATH. The price behavior around this level may help confirm the next direction in the short term.
Read More
Pi Network’s Recent Updates, Bitcoin’s (BTC) Revival, and More: Bits Recap October 3