Key Level for Bitcoin Trend Reversal is ...
2024-09-11

Last week, the price closed below the previous low, forming another lower low. This further confirms that Bitcoin is in a bearish trend, which has been ongoing for the past six months.

The crucial level at the moment is $64,220 (the last formed high). This key level separates us from a bullish (upward) trend. If the price on the weekly timeframe can break this level and close above it, it will be a very important indicator of a trend reversal. Until then, we remain in a bearish trend.