Bitcoin Shows Upward Momentum, Targets Key Resistance
2024-11-04

Bitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum.

Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.