Foreign press “Bitcoin soaring, $64,400 is the main resistance level for the rally”

BTC, up 4.4% in the morning due to low price buying tax and easing of miner selling pressure.
Foreign media “BTC listings pile up, first resistance level, $63,650”

Bitcoin (BTC), which has been on the rise since the morning of the first day of July, is recording $63,442 according to CoinMarketCap at 2 p.m. When Bitcoin broke through the $63,000 level, many foreign media suggested $64,400 as the main short-term resistance level for Bitcoin's third quarter rally based on graphs and on-chain data.

Bitcoin showed a frightening upward trend from 11 am on the 1st. The reason for the upward trend is low-price buying and easing selling pressure from miners.

Crypto Dan, a digital asset (cryptocurrency) expert, said through his “It appears that the quantity of Bitcoin sold in the over-the-counter (OTC) market has also been exhausted,” he wrote.

As Bitcoin, which fell horribly last week, soared, many foreign media outlets suggested that Bitcoin's rally would begin again when Bitcoin broke through major resistance levels in a short period of time.

NewsBTC, a media outlet specializing in digital assets, predicted that Bitcoin would exceed $63,000 before Bitcoin surpassed $63,000 and pointed out that the main sections for the Bitcoin rally were $63,650 and $64,400.

NewsBT stated, “Bitcoin appears to have broken through the 100-hour moving average and settled down,” and added, “According to on-chain data, the main selling price is concentrated at $63,650.” He then emphasized, “The next major resistance is $64,400, and if this range is surpassed, a steady rise in Bitcoin is expected.”

Reporter Seungwon Kwon ksw@