2025-10-31 07:29:04

💥 #BitcoinMarketUpdate – Bulls Testing Key Resistance

Live Price: Bitcoin (BTC) is currently hovering near $68,420, showing resilience despite recent volatility.
🔍 Market Overview:
After several days of sideways consolidation, Bitcoin is now approaching a crucial resistance zone between $68,800–$69,200. This level has repeatedly acted as both a magnet and a barrier, marking the battleground between bulls and bears.
The 4H chart shows that BTC is trading above the EMA24, with the RSI hovering near 60, suggesting moderate bullish momentum but also a potential need for short-term cooling.
🧭 Strategy Outlook

Buy Zone: $67,600–$67,200

Stop Loss: $66,500

Targets: $69,500 → $70,200

The liquidity cluster near $69K will determine the next move. A clear breakout with volume could open the path toward $71K–$72K, while rejection may lead to a healthy pullback before the next leg up.
⚡ Sentiment Insight
Funding rates remain neutral to slightly positive, showing that leverage is not overheated. On-chain data indicates strong long-term holder accumulation, signaling confidence in BTC’s mid-term trajectory.
📊 Keep calm and follow the structure — the trend remains your best ally.

BTC1,2%

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