Analyst: Bitcoin Key Resistance at $70,000
Avinash Shekhar, co-founder and CEO of Pi42, said in an interview that ‘Bitcoin is approaching a key resistance level at $70,000, which is being driven by several factors including Kamala Harris’ support for cryptocurrencies, and Trump's 60 per cent chance of winning the election.’
He added, ‘The bulls are aiming to reach $72,000 in the near term, while bearish investors want the price to stay above $66,500.’
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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