Bitcoin btc
$ usd
Technical Analysis

Bitcoin (BTC) Closes Month Above $60,000 for First Time in History

2 mins
Updated by Ryan James

In Brief

  • BTC is trading above the long-term $59,000 support area.
  • It has broken out from a descending parallel channel.
  • BTC has support and resistance at $56,570 and $63,530, respectively.
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For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.