Bitcoin Could Quickly Reach $68K, Say Traders

In Brief:

Bitcoin traders see a possible quick rise to $68,000 if it stays above $64,000, a level it recently surpassed.

The Relative Strength Index (RSI) suggests Bitcoin isn't overbought, supporting potential growth.

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Bitcoin Could Quickly Reach $68K, Say Traders

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Traders are watching Bitcoin's price chart, which suggests a move toward $68,000. Bitcoin recently broke above $64,000 after positive comments from the US Federal Reserve Chair.

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Key Levels and Market Indicators

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The $64,000 level, previously a support, turned into resistance after a recent downturn. Traders like Mister Crypto expect Bitcoin's price to consolidate but see potential for growth. The RSI at 66.11 shows Bitcoin isn't overbought, supporting a bullish view.

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Traders' Expectations

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Trader Elja urges bulls to push Bitcoin to $68K-$70K, noting the RSI supports further growth. The market is watching to see if Bitcoin can maintain its upward momentum.

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