Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch
A smoother long-term MACD just flipped bullish, pointing to more upside. Here are key levels that will decide if the ongoing bounce turns into a full blown uptrend....
Key takeaways
- 1Bitcoin's 50-100-9 MACD histogram crossed above zero, signaling positive long-term momentum after price recovered above $64,000.
- 2Key resistance levels to watch are $65,434 (50-day MA), $67,292 (mid-June high), and $71,147 (200-day MA).
- 3Options market shows $1.21 billion open interest at $80,000 strike, potentially causing volatility as Bitcoin approaches this level.
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Why it matters
This technical breakout could drive Bitcoin higher toward $70,000+ levels, directly affecting portfolio valuations for Indian retail crypto investors holding BTC exposure. The identified resistance levels provide key price targets to monitor for confirming whether this is a sustained uptrend or temporary bounce.
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