BTCUSDT weekly and daily close analysis!!
2024-10-29

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Let's analyze BTCUSDT on higher time frame:

Bitcoin has successfully closed above a significant resistance level on a weekly basis, and it did so without a dramatic spike, suggesting a stable upward trend rather than a volatile surge. The price of BTCUSDT has surpassed a key resistance point with sufficient volume and momentum, indicating that this movement could be sustainable. This could reinforce the bullish sentiment established by the weekly close.

If the breakout holds and prices continue to climb, it might signal the beginning of a new upward phase for Bitcoin. Key resistance levels to watch include areas around $73,000, which are significant from a higher timeframe perspective.

Key Levels:
Resistance: $73,000
Support: $70,000
Lower Support: $68,000

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