As bitcoin prices face potential volatility near key support levels, Standard Chartered analyst Geoff Kendrick expressed concern about the short-term movement of bitcoin and Strategy (formerly MicroStrategy).
Kendric pointed out that the price range on November 6, 2024 (the day after the US election) is a key potential support area for Bitcoin, and the price range is expected to be between $69,000 and $76,500. He believes that the movement of Bitcoin in this range may determine its short-term movement. He noted that if the price of Bitcoin falls to the $69,000 to $76,500 range, it will be closer to Strategy's average purchase price of $65,000, so this is a key level to watch.
Standard Chartered Analyst: $69,000 to $76,500 Key Potential Support Area for Bitcoin
2025-03-04 20:45:06
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