Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Bitcoin Attempting to Break Above $65.7k Resistance

Written By: ChartChamp

September 27, 2024

Bitcoin is trending for the best September ever. We are a few days away from the monthly candle close.

Bitcoin has been trading within this yellow range over the past few days. There has been a pattern of alternating days since Sept. 22, and BTC is attempting to break that pattern today with two consecutive green days. However, BTC is struggling to break above the upper range of this yellow channel around $63.7k. I would monitor for a breakout at $63.7k, otherwise BTC could drop back down and potentially close the day in the red.

Bitcoin has pumped 24% in 21 days.

Bitcoin has broken above the resistance target. I think it’s still early, the price needs to hold above $63.7k before the end of today. However, if BTC keeps trending up the next key target is $68.4k.

Bitcoin is attempting to flip the yellow trendline into support here. I would monitor for a rebound around $63.7k or whether the price starts to break down. Looks good for a bounce so far.

Follow me on social media: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Bitcoin Dominance Starts to Trend Down

Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]

Read More
Default Thumbnail

XLM Approaching $0.687 Resistance

XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]

Read More
Default Thumbnail

XRP Approaching $1.95 Resistance Target

XRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.

Read More
Default Thumbnail

Bitcoin Dominance Starts to Trend Down

Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]

Read More
Default Thumbnail

XLM Approaching $0.687 Resistance

XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]

Read More
Default Thumbnail

XRP Approaching $1.95 Resistance Target

XRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.

Read More