FXPro Analyst: $61,800 Could Be a Key Level for BTC Longs in the Near Term
Alex Kuptsikevich, senior market analyst at FxPro, reportedly said that $61,800 could be a key price level for Bitcoin bulls in the near future.
He said, "If Bitcoin can rise above $61,800, it could push the market up to $67,000 quickly." Alex Kuptsikevich further explained that $61,800 is also the price point where bitcoin's 50-day and 200-day moving averages converge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index drops to 11, indicating the market is in an "extreme fear" state.
The probability of the "U.S. striking Iran before March 1" event on Polymarket rises to 26%
Trending news
MoreCrypto prices
More
