Bitcoin (BTC/USD) is currently trading at $69,675, with a slight -0.03% movement, indicating a bullish Bitcoin price prediction. Key price levels on the 4-hour chart include a pivot point at $69,675, resistance levels at $70,560, $71,944, and $73,300, and support levels at $68,990, $68,260, and $67,265. The Relative Strength Index is at 57, showing neutral market momentum, while the 50-day Exponential Moving Average is at $68,375, supporting a potential uptrend continuation above $70,000. An upward trendline further reinforces this bullish outlook, but a break below the pivot point could lead to significant downside pressure.
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Bitcoin’s current outlook remains bullish at $69,675, with resistance and support levels to monitor. The 4-hour chart reveals key price levels that traders should keep an eye on, including immediate resistance levels at $70,560, $71,944, and $73,300, as well as support levels at $68,990, $68,260, and $67,265. The presence of an upward trendline, a neutral Relative Strength Index, and a supportive 50-day Exponential Moving Average suggest the potential for upward momentum, but a breach below the pivot point could trigger a selling trend. Overall, Bitcoin’s outlook is positive, but caution is advised in case of a breakdown below key levels.
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