BTC Short-Term Outlook: Will Key Support at 62,207 Hold?

1 Eki

Following a few weeks of strong price action in BTC and some altcoins, the market is now under pressure. BTC remains short-term bullish above 62,207. As long as it trades above this level, the price might reach 65,870. However, a break below 62,207 could send the price down to 59,672. What’s your take on BTC/USD? Will the trend hold?




This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.