Bitcoin is on the rise again: The bull run continues!

Bitcoin (BTC), which quickly recovered after dropping to $64,500, gave the green light to the bull.

Bitcoin (BTC), which caused anxiety in the market by falling to $ 64,500 a few days ago, made everyone smile this time. The leader of the cryptocurrencies, which has regained upward momentum as halving approaches step by step, has set its sights on $70,000. The increased enthusiasm brought about by the halving paints a very good outlook for the market. So, will this upward movement in BTC continue?

## These 12 days will be decisive for Bitcoin!

Bitcoin, which counts an average of 12 days until the next halving, will determine the direction of the cryptocurrencies that will determine its route. BTC, which has placed itself above a good price zone for now, will want to test $ 71,289 first if positive news arrives, the halving excitement continues and it remains above $ 69,000. Afterwards, the $ 73,684 level can be followed as resistance. A weekly close above this level will further fuel the bull run.

Factors such as the halving fire slowly fading, the arrival of fud news or BTC falling below $ 69,017 will strengthen the possibilities of decline. In such a scenario, retreats towards 67.613 – 65.766 – 64.692 and 62.080 dollars, respectively, can be followed. The most critical support area in the short/medium term price structure will be the $63,030 – $62,080 range. Any process that falls below this area may bring selling pressure. In addition, crypto investors may need to be careful, especially these days, as there is very little time left until the halving.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.