- BTC tests resistance at $62,600, 61.80% Fibonacci level, indicating a breakout potential.
- A successful breakout could push BTC toward $65,600 and possibly $68,500 (78.60% and 100% Fibonacci levels).
- The MACD indicator shows strong bullish momentum with rising positive histograms.
- The support levels to watch are $60,000 (50% Fibonacci) and $58,300 (38.20% Fibonacci).
- Golden crossover between the 50 and 200 EMA in the 4-hour chart strengthens bullish sentiment.
- BTC is on track to potentially hit the $70,000 mark by the end of September.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.