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Bitcoin Struggling to Break $58.4k Resistance

Written By: ChartChamp

September 13, 2024

Bitcoin continues to trade under the white resistance zone, and is struggling to break above the $58.4k resistance level. I would continue to monitor for a break or rejection at $58.4k, and I think there should be concerns for more downside in Sept and early October. I think both the bullish and bearish outlook involve more downside in Sept for Bitcoin.

Bitcoin Spikes After $1.1 Billion Purchase

Bitcoin has spiked up higher over the past few hours due to news that Saylor has purchased $1.1 billion worth of Bitcoin. The price is now trading within the white resistance zone, and I think BTC could form a peak around $60k – $61k before trending back down.

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