Bitcoin Holds Steady at $62K: Can Bulls Push Past $72K Resistance?

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Bitcoin Holds Steady at $62K: Can Bulls Push Past $72K Resistance?

CoinMarketCap04-18

Following days of extreme volatility, BTC established a ranging zone around $62K. An analyst identifies $61K and $72.4K as support and resistance, where a breach would be significant. Bitcoin is ...

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An analyst identifies $61K and $72.4K as support and resistance, where a breach would be significant. Bitcoin","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"比特币稳定在62K美元：多头能突破72K美元阻力吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Following days of extreme volatility, BTC established a ranging zone around $62K.\nAn analyst identifies $61K and $72.4K as support and resistance, where a breach would be significant.\nBitcoin is expected to further crash to $51,200 or soar to a price of $86,000.\n\nFollowing days of bloodbath in the crypto market, Bitcoin appears to have found a new ranging zone around the $62K threshold. According to CoinMarketCap data, Bitcoin saw a 3.21% drop in the last 24 hours, with its price at $61,800. \nSimilarly, Ethereum mirrored Bitcoin’s trajectory, witnessing slight negative gain over the past day, with its price at $3,020. Meanwhile, other prominent digital assets ranking in the top ten, like BNB and Toncoin (TON), have registered paltry positive gains of below 1% at press time.\nAmid Bitcoin’s newfound trading zone, prominent market watchers like Ali Martinez are forecasting the market’s next move, considering bearish and bullish scenarios. In a recent post on X, Martinez pointed out Bitcoin’s most crucial support and resistance levels amid consolidating in a parallel channel. 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