Bitcoin has two critical levels to maintain as support after a bounce from ten-day lows. Keith Alan, co-founder of Material Indicators, noted that $65,000 is a crucial level from April 2021 that must be preserved. Following a dip to $65,000, the lowest level since October 10, Bitcoin rebounded above $67,000, thereby avoiding a test of vital support at the 21-week simple moving average, currently at $62,700. Alan emphasized the importance of staying above this trend line to keep the short-term uptrend intact. Market volatility is anticipated surrounding the upcoming US Presidential Election and the Federal Reserve's interest rate decision, with macroeconomic data influencing Bitcoin's price movement. A bullish trading signal may be invalidated if Bitcoin falls below $65,000. Some traders remain optimistic, expecting a retest of all-time highs within weeks, with one analyst believing the correction is likely over as macroeconomic data unfolds.

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