Bitcoin Retests $60,000 Resistance
CryptoNewsTerminal Staff11 Aug, 2024
Bitcoin Retests $60,000 Resistance
According to Coinis Market Monitoring, Bitcoin has retested the $60,000 mark. At the time of writing, BTC is trading at $59,976.04 on the Binance USDT market. This retest comes after a period of consolidation, indicating a potential breakout. BTC has been on a bull run in recent months, surging past the $60,000 mark earlier this month. The retest of this level suggests that the bulls may be struggling to push the price higher. However, the consolidation could also be a sign that BTC is preparing for another leg up. If BTC can break above the $60,000 resistance level, it could pave the way for a move towards the $70,000 mark. However, if the bears manage to push the price below $58,000, it could trigger a correction.
