$BTC is currently trading at $59,170.44, reflecting a steady gain of +1.32% over the past 24 hours. The price is navigating a crucial support level around $57,279.76 while facing resistance at $60,711.09.
The current moving averages indicate a cautious upward trend. This suggests that Bitcoin is attempting to consolidate above $59,000, but the $60,000 level remains a significant hurdle.
A breakout above $60,711.09 could confirm the continuation of the bullish trend, with potential targets near $61,406.10. However, failure to maintain support above $57,279.76 could lead to further downside, with possible testing of the $53,950.00 level.
Be prepared for swift changes!
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