Bitcoin reactive buying continues, eyeing $61,000 resistance

Columns：Cryptocurrency Opinion and Analysis author：btczxw time：2024-09-14 15:59:16

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The Bitcoin market is at a critical juncture and reactive buying is likely to continue. The price is currently close to the resistance level of $59,000, and if it breaks through this mark, it may rebound to $65,000. However, support at $55,800 is crucial and a break below this level could trigger a deeper pullback.

Fluctuations in macroeconomic data this week have aroused widespread concern in the market. The Federal Reserve’s upcoming decision to cut interest rates and the upcoming retail sales data will have an important impact on Bitcoin prices. We recommend that investors pay close attention to these economic indicators and adjust accordingly based on market dynamics.

Please continue to pay attention to our analysis, we will provide you with professional insights. At the same time, you may wish to share your views and discuss the development prospects of Bitcoin with us.

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