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Bitcoin Price Analysis: BTC Soars $600 In Just a Few Hours, Are The Bulls Back?

bitcoinschannel.com

As a reminder, since the fatal drop of March 12, the high recorded was $7139 on Bitstamp on March 20. – Support/Resistance levels: Following the breakout, Bitcoin soared till reaching the $6800 resistance ($6766 on Bitstamp).

This price area is the first level of resistance. Breaking above the highest price since the massive drop of March 12 could be a very positive sign for Bitcoin.

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Bitcoin BTC
$ 69977.99

Timeline of Bitcoin

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Bitcoin Bitcoin
69952.5000 -1.12%
Ethereum Ethereum
3542.61000 -1.18%
BNB BNB
610.505000 3.50%
Solana Solana
185.740000 -0.99%
XRP XRP
0.61521200 -1.25%