#Bitcoin is currently forming a symmetrical triangle patterning the 4-hour time frame. If the bears successfully defend this area, a further decline is likely. However, if BTC breaks out of this pattern with strong volume, we could see a significant rally.
The key level to watch is 60,625 — a break above this could push the price toward the upper resistance of the range.
Breaking through these resistance levels is essential for hitting the target.
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