BTC Rejects Resistance

Bitcoin is pulling back for the second day in a row as it tests the 20-day SMA. There’s considerable resistance $64,200. On October 20, 2021, Bitcoin broke above this key level to an All-Time High of $67,000 and dropped below as resistance was rejected. It attempted to break it again on November 02, 2021, but selling pressure was too strong.  Now for the third time, Bitcoin is again rising towards that level, and if it broke with good volume, we might see the prices go into the $70,000 range.  However for the time being, it has rejected it.  A move below $60,000 could tip BTC below $58,000.