For several attempts, Bitcoin (BTC) has been fighting a main barrier at $69,000. In a similar scenario to what we had in August, three days ago, BTC topped at $68,963, but it dropped back to find support around $67,008.45. The psychological barrier around $69,000 currently determines Bitcoin’s next action and the start of the much-awaited altcoin season. Will BTC be forced to consolidate much longer, or can it break through and pursue new highs?
Bitcoin’s $69,000 Ordeal
Bitcoin’s technical indications expose a market flux. Since BTC is trading above its 100-day Simple Moving Average (SMA), the more general trend seems to be still positive. Though optimistic momentum is strong, the Relative Strength Index (RSI) on the 4-hour chart stands at 66%, just below the overbought region, indicating that there is still the possibility for upward growth before a possible reversal. Last facing the $69,000 resistance level in August, Bitcoin peaked at $68,242 before declining to $66,770. This caused an even more drop; the price finally dropped to $55,000. Traders are closely monitoring the RSI and moving averages to evaluate the possibility of a breakout as BTC now tries the same psychological barrier. For now, trading just above $67,000, Bitcoin looks to be holding strong support; the RSI shows rising bullish momentum without being dangerously overbought. Should the bulls be able to turn the $69,000 resistance into support, the next main targets are $70,000 and $72,000. Some analysts predict a possible year-end jump to $100,000 if the momentum holds. Bitcoin will probably soar towards $80,000 after a strong closing above $69,000. On the other hand, failure to surpass $69,000 can cause a retracement to $65,000 or less. A split of the $67,000 support would see BTC test the $60,000 level and put the bears under control once more. For Bitcoin to turn this resistance level into support, several on-chain and macroeconomic factors must be in its favor. The money flow into cryptocurrency has to dwarf the profit-taking habits of short-term holders. This means Bitcoin whales and institutional investors will have to increase their holdings. Similarly, as predicted earlier by analysts, the US presidential election would do much good if a pro-crypto presidential candidate emerged in the November 5 election. Finally, any form of notable destabilization, similar to the Israel-Iran saga in the earlier part of the month, could be more harmful to BTC at this current stage. We will see in the next few days whether BTC can mount the full charge. Currently, the fate of the much-anticipated altseason hangs in the balance.
Rexas Finance’s (RXS) Presale is Set for Explosive Growth
While Bitcoin struggles with its psychological resistance, Rexas Finance (RXS) is becoming a key player in the crypto market. Originally introduced in September 2024, Rexas Finance has rapidly created waves through its novel tokenization of real-world assets (RWA), including commodities, art, and real estate strategy. At $0.06, its presale has seen over 90 million tokens sold, raising $4.28 million. The next phase will raise the price to $0.07, reflecting an over 100% rise from its starting value of $0.03. The value proposition of Rexas Finance is its capacity to fractionalize high-value assets, generally unreachable to the ordinary investor. Rexas uses blockchain to permit fractional ownership of assets, creating prospects in markets valued at about $400 trillion.
Investors keen to engage in this expanding ecosystem have focused on the presale success, and the project’s recent listing on CoinMarketCap has improved its accessibility and trust. The ongoing $1 million giveaway, in which 20 winners will receive $50,000 worth of RXS, adds to the thrills. This effort has kept investor attention, guaranteeing a consistent demand for RXS tokens before their anticipated $0.20 launch price. As the platform continues to innovate with features like the Rexas Token Builder and Rexas GenAI for simple token creation and NFT generation, analysts estimate even more benefits for RXS post-launch. With the $0.20 official exchange listing price, some experts are projecting a 50x RXS token surge in the coming weeks.
Conclusion
The capacity of Bitcoin to overcome the $69,000 resistance level will decide whether the market moves into a full altcoin season. The picture remains cautiously hopeful given the RSI showing opportunity for growth and BTC maintaining above major moving averages. A breakout above $69,000 would drive Bitcoin towards $80,000 and beyond, therefore enabling altcoins to follow. In the meantime, Rexas Finance is growing quickly and offers investors a special chance to be exposed to tokenized real-world assets. With its promising platform and great market demand, Rexas presents a convincing substitute as Bitcoin struggles with opposition.
About Rexas Finance :-
Website: https://rexas.com