BTC on the Road to Rise Above $68K
2024-09-27

BTC on the Road to Rise Above $68K 

Bitcoin’s price has recently broken out from a robust Bullish Flag Pattern. The current weakness of the USD, coupled with speculations about a potential rate cut by the FOMC, is bolstering BTC and aiding the broader crypto market’s recovery.

On the 60-minute chart, the previously broken resistance has now turned into support, signaling a potential further rise.

Given the ongoing speculation surrounding the upcoming US PCE data, we might see BTC reaching  FWB:67K  and potentially $68.5K.

 You may find more details in the chart!
Thank you and Good Luck!

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