Bitcoin Held Support at $53K, Faces Initial Resistance Around $60K

Bitcoin Held Support at $53K, Faces Initial Resistance Around $60K


The relative strength index (RSI) on the daily chart is almost oversold, similar to what occurred in late-July and September, which preceded near-50% price rallies. Still, buyers will need to break above the $60,000-$65,000 resistance zone in order to yield upside price targets.

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