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Bitcoin Resumes Its Upward Momentum and Reaches New Highs

Technical Analysis
By Ahmed Ashraf
Bitcoin Resumes Its Upward Momentum and Reaches New Highs
0

BTCUSD

البيتكوين 4-3-2026

Bitcoin is trading below the $69,500 resistance area, which is likely to limit the pace of gains during today’s trading.​

Support

 63500​ 60500​
Resistance 69500​

74000​

Bitcoin experienced a strong surge in the financial markets, with its price approaching $71,000 following gains of over 6% in the past 24 hours. Prices fluctuated between $69,000 and $70,000 before bouncing back to new highs, amid ongoing market volatility. This rally was supported by positive momentum amid inflation concerns and global market fluctuations, as well as Bitcoin’s sensitivity to geopolitical and economic events, highlighting its role as a risk asset that responds to global economic conditions.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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