Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.
Bitcoin price opened the week with a show of strength by attacking the $69,000 level but should traders expect a push to new all-time highs before the end of today’s trading session?
The $69,000 to $70,000 zone continues to be a resistance cluster, a fact illustrated by the sell walls (red line above BTC price) shown on the chart below.
Similar to most of the recent price breakouts, the Oct. 28 move was driven by futures market activity and liquidations.
