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Bitcoin Continues to Test $60.3k Support

Written By: ChartChamp

October 3, 2024

Over the past 48 hours Bitcoin continues to trade in a tight range between the white support zone and yellow resistance line. BTC is building support at $60.3k and has resistance at $62.1k. There have been 3 retests of the $60.3k support level, and I have my concerns that this support could break over the next few days. For now all eyes on $60.3k to see if the support level holds. If Bitcoin does rebound here I would monitor $62.1k to see if Bitcoin can break through resistance.

Bitcoin is holding above $60.3k support for now. I would continue to monitor to see if the price holds throughout the evening. There could be a move up to the yellow trendline around $62.5k.

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