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.
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