BTC breaks 73,700 dollar level

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Source: Dukascopy Bank SA


Bitcoin has found support in 73,700 price level and looking for new resistance level, considering all-time high price level resistance has been broken.

Meanwhile, 50-day and 200-day simple moving averages have been breached, which can indicate that higher price levels may be discovered.

It is worth mentioning that more than 230 days, BTC has been trading within $73,700 to $52,000 price levels. Price consolidation may be over, and US election results will be a key catalyst of further price discovery of BTC.
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