Bitcoin (BTC), which has struggled to surpass $64,000 for a few days, finally managed to break above this level.

The $64,000 band, which corresponds to the 200-day moving average, was creating selling pressure on Bitcoin. The leader of cryptocurrencies that jumped above this level in the night hours gave hope for the bull season. Bitcoin, which left behind a critical level, may experience increased volatility in the short term.

After the Fed interest rate decision, BTC caught an upward momentum and could aim for higher levels with the approaching US presidential elections. So, what levels should crypto investors consider in Bitcoin?

As long as BTC stays above 63,000 dollars, we can see new highs!

At the time of writing, BTC changing hands at $64,218, if it maintains $63,000 as support, bullish signals will increase. In this process, developments in the news flow related to the crypto industry and the US presidential elections will play a critical role. With positive news or Donald Trump's election as president, sharper rises can be expected in Bitcoin. In such a scenario, resistance levels of $67,091 - $69,800 and $73,684 should be monitored respectively.

Daily closes below $63,000 will strengthen sellers' hands. In addition, negative sentiment may arise in the industry with the arrival of FUD news or Kamala Harris becoming president. Support levels to watch are $63,000 - $59,721 - $58,752 - $52,838 - $50,580. The $60,000 level, which is critical from a technical and psychological standpoint, will be decisive for the short/medium-term price structure.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.