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Bitcoin Retests $60k Support

Written By: ChartChamp

July 3, 2024

Bitcoin has retraced back to the white zone to $60k support. There has been 10 days of sideways price action, but I remain optimistic for some upside soon. I think Bitcoin could be declining headed into the Fed meeting minutes, and could start to rally after the minutes are released at 2 PM EST. There has been strong support at $60k, and this is usually where bulls push the price back up to $72k. There is a CME gap at $60k that has been filled on this dip. I think everything looks good for some upside soon.

Bitcoin Holds $60K Support Level

Bitcoin has dipped below $60k today, and is forming wicks back up. The $60k support level is holding up pretty well, but I would like to see a quick rebound. We could see some green tomorrow and hopefully start the rally soon. There are a lot of dates being thrown around for the Ethereum ETF listings, it seems like there are revisions being made to the ETFs before their final approvals. I think the approval timing will be a surprise announcement.

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