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

Bitcoin Faces Resistance at $68k

Written By: ChartChamp

October 17, 2024

Bitcoin continues to experience resistance around $68k. I think the weekend price action will be important, and I would like to see a bullish weekly candle close above $68k. There has been a rejection at $68k so far, and Bitcoin has dropped back below $67k. For now the price is trending back down and I would wait for a bullish rebound.

BTC is building support around $66.7k, and is preparing for another attempt to break above the $68k resistance level. It is common for Bitcoin to experience strong upside at these resistance levels, rising by thousands of dollars in a relatively short time. That is a possible scenario here, but a rejection is also something to consider as well. For now things are looking very bullish, we’ll see if BTC breaks through $68k on this move up.

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

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

CVT Market Sentiment February 2025

The current market environment, with its sharp dump since the recent top in December 2024, looks dire, and many people are in panic mode. Many altcoins are down 70% to 90% from their last highs. However, sentiment on Twitter remains overall balanced. In euphoric market stages, people often forget proper risk management, which becomes painful […]

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

CVT Market Sentiment February 2025

The current market environment, with its sharp dump since the recent top in December 2024, looks dire, and many people are in panic mode. Many altcoins are down 70% to 90% from their last highs. However, sentiment on Twitter remains overall balanced. In euphoric market stages, people often forget proper risk management, which becomes painful […]

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