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Bitcoin Defends $60.3K Support

Written By: ChartChamp

October 11, 2024

Bitcoin has successfully defended the $60.3k support level. There were wicks below support, but we are seeing a strong rebound off this support level. I have $68k as a key target that needs to break for Bitcoin to start a bull run. I think we can see some upside in the short term for now. I want to be cautious for the possibility that Bitcoin forms a U-turn and attempts to drop below the $60.3k support level again. Price is trending up for now, we’ll see how things are looking over the next few days.

Strong bounce for Bitcoin so far.

MSTR has formed a new all time high while BTC is lagging behind.

BlackRock’s BTC holdings keep rising.

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