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Bitcoin Rebounds Back to $60k

Written By: ChartChamp

September 17, 2024

Bitcoin is forming a bullish rebound after dipping below $58.5k. There is resistance at $60.3k that needs to be monitored here for a breakout or rejection, and $58,455 to see if Bitcoin breaks below support.

Bitcoin Spikes Up to $61K

Bitcoin has rallied above the $60.3k resistance target, and is currently trading around $61k. In my previous updates I emphasized the likelihood of a $60k – $61k peak forming here. I think we are likely forming a peak before trending down lower. For those who want to remain bullish, the price needs to hold above $60.3k. Tomorrow we have an important FOMC decision so the markets will react to that news. I’m positioning myself as bearish against stocks through SQQQ, I don’t want to bet against BTC after the halving.

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