Analyst: BTC Must Hold $60.6k Weekly Close 'To Avoid Further Correction'

IconCryptoNewsTerminal Staff05 Jul, 2024

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Analyst: BTC Must Hold $60.6k Weekly Close 'To Avoid Further Correction'

Analyst Says BTC Must Hold $60.6k Weekly Close 'To Avoid Further Correction' Bitcoin (BTC) must hold the weekly close above $60,600 to avoid any further correction, according to anonymous cryptocurrency trader Rekt Capital. "Any further upside momentum could lead to a new price cluster forming in the $65,000–$73,000 range, with further upside momentum gained in the $57,000–$65,000 price range," he added in a YouTube video. At the time of writing, BTC is changing hands at $56,726.01, down 2.82%, according to CoinMarketCap.