Bitcoin (BTC) Starts the Week Strong: Will the Upward Trend Continue?

• Bitcoin (BTC) started the new week above $64,000, reigniting excitement among crypto investors.
• After a period of decline, the leading cryptocurrency has begun to show signs of recovery, triggering sharp increases in altcoins.
• Despite the recent uptick, potential risks such as geopolitical issues, the FED’s tight interest rate policy, and the yet-to-begin halving frenzy continue to pose threats to Bitcoin’s stability.

Bitcoin kicks off the week above $64,000, sparking renewed enthusiasm among crypto investors. Despite the positive trend, potential risks remain. Will Bitcoin continue its upward trajectory towards $70,000?

Bitcoin’s rise doesn’t mean the dangers are over!

After testing $56,600, Bitcoin stepped on the gas and managed to surpass $64,000. The volume of these increases revealed the strength of the buyers. However, ongoing geopolitical issues, the FED’s tight interest rate policy, and the yet-to-begin halving frenzy continue to pose risks to Bitcoin. In the event of another drop, the support levels to watch in BTC are sequentially $63,000, $62,000, $60,722, $59,009, and $56,592. The loss of the recent low level of $56,600 could trigger ... Read the full article for FREE at COINOTAG!