BTC Faces Uncertainty at $68K as Analysts Detect Conflicting Trends

Bitcoin has pulled back from its peak of $73,600, now hovering around $68,149, with strong selling pressure forming a bearish outlook.

Key support lies between $67,500 and $68,000, while resistance is firm at $73,600. Trading volumes suggest that bearish sentiment may persist unless new buying momentum emerges. A potential rebound above $68,000 could signal a reversal. Though a drop below $67,823 might lead to further declines.

While short-term indicators lean bearish, long-term moving averages still show some bullish optimism, suggesting a potential shift if buying volume strengthens and resistance at $69,500 is overcome.

Clever Robot News Desk 4^th November 2024