Krutika Adani
Bitcoin could have witnessed an Ethereum-like fall had it crossed below $45,000 in the first week of August.
Thankfully, Bitcoin’s lowest point for the above-mentioned period was $49,121.
Below $45,000, Bitcoin’s price could have broken its strongest support in this bull run, causing it to enter a bearish spell.
At press time, Bitcoin’s price is a little above $61,000 and upon a decisive move above $62,500, the top crypto would continue its rally ahead.
Bitcoin's upside resistances are at $62,500, $70,000, and $73,700k. On the downside, supports are at $55,000, $50,000, and $45,000.