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Crypto

Bitcoin Price Must Hold $60k to Unlock $80k Rally

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price has reached $63,089.37, and according to trader @CryptoMichNL, it must defend the $60,000-$61,000 zone to unlock a potential rally towards $80,000-$83,000.

The trader points out that the MACD golden cross at -301.64 signals building bullish momentum despite the neutral RSI reading of 44.08.

Historical data suggests that BTC rallies accelerate once the $60k support holds and momentum indicators turn positive, confirming the prediction of a rally to $80k-$83k.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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