{"id":137558,"date":"2024-09-20T08:00:32","date_gmt":"2024-09-20T05:00:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137558"},"modified":"2024-09-20T11:40:12","modified_gmt":"2024-09-20T08:40:12","slug":"key-bitcoin-price-levels-to-watch-right-now","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/key-bitcoin-price-levels-to-watch-right-now\/","title":{"rendered":"Key Bitcoin Price Levels to Watch Right Now"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/cryptodnes.bg\/en\/breaking-federal-reserve-finally-cut-interest-rates\/\">bolder move from the Fed<\/a><\/strong>, which was larger than the anticipated 25 basis point cut, surprised market analysts.<\/p>\n<p>The Fed\u2019s decision drove up <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> and other cryptocurrencies, leading experts to speculate on future price trends. FxPro\u2019s senior analyst Alex Kuptsikevich noted that Bitcoin faces key resistance around $64,000.<\/p>\n<p>He believes that surpassing this level could lead to further gains, given that Bitcoin has been in a downtrend since March.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/commerzbank-introduces-bitcoin-and-ethereum-trading-for-corporate-clients\/\" title=\"Commerzbank Introduces Bitcoin and Ethereum Trading for Corporate Clients\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_Bitcoin-Ethereum-2-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Commerzbank Introduces Bitcoin and Ethereum Trading for Corporate Clients<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Bybit\u2019s Chris Aruliah added that historically, interest rate cuts have boosted risky assets like cryptocurrencies. He suggests Bitcoin\u2019s trajectory will depend largely on short-term investor actions.<\/p>\n<p>Pi42 CEO Avinash Shekhar identified $60,000 and $62,000 as critical levels for Bitcoin. He indicated that a rise above $62,000 could ignite bullish momentum, while a drop below $60,000 might increase selling pressure.<\/p>\n<p>At the time of writing, Bitcoin is trading at $63,100 after a 9.6% weekly surge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin climbed above $64,000 following the Federal Reserve&#8217;s unexpected 50 basis point rate cut, marking its first reduction in four years.<\/p>\n","protected":false},"author":7,"featured_media":132599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-137558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key Bitcoin Price Levels to Watch Right Now - 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