After a mixed day for Bitcoin and the broader market on Monday, it’s been a broadly mixed morning for the crypto market.
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the $66K mark during the Asian session on Wednesday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to drive the exchange rate higher during the following trading sessions.
However, the resistance level at the $65,000 mark could provide resistance for the BTC/USD exchange rate in the shorter term.
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the $66K mark during the Asian session on Wednesday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to drive the exchange rate higher during the following trading sessions.
However, the resistance level at the $65,000 mark could provide resistance for the BTC/USD exchange rate in the shorter term.