Bitcoin could hit new highs at $82,000 if this pattern plays out
Bitcoin (BTC) again retraced from its current price range’s resistance back to $67,000 and now trading at $68,300. However, the leading cryptocurrency has been building strong momentum that could soon pay off with a possible range breakout. This 3-month price range, particularly, has built support at $60,000 and resistance at $72,000, with two deviations. The first deviation led to new highs at $73,805, upwards, while the second reached slightly above $56,500, downwards. Nevertheless, BTC has managed to keep trading above its 30-day exponential moving average (30-EMA) at $66,628 since May 15. The daily relative strength index (RSI) also marks a neutral-to-strong 55.09, which could fuel a potential breakout soon. Picks for you Bitcoin exhibits mid-2020 vibes as whale wallets accumulate $1B daily 7 mins ago ...