Bitcoin price levels to watch as ‘bullish fervor’ set to ‘cool down very quickly’
With Bitcoin (BTC) experiencing a price rally partly triggered by the Federal Reserve’s interest rate cut, a cryptocurrency analyst is warning that the momentum might be short-lived. In this case, Bitcoin is approaching key price levels, as market momentum could shift triggered by technical factors and upcoming economic events, RLinda observed in a T radingView post on September 21. While highlighting how this momentum might stall, the trading expert raised concerns about the “conglomeration of strong resistances” between the $64,000 and $65,000 price range, which could create a roadblock. The Analysis highlighted that this zone, which has yet to be fully tested, could halt Bitcoin’s advance. Picks for you OpenAI o1 builds ideal crypto portfolio for the 2024 bull run 11 mi...