🚀 Will BTC Bounce or Drop? Key Levels to Watch for the Next Move! 📉📈
Bitcoin (BTC) is at a critical juncture, and the charts are telling us where it might go next. Let’s dive into the key levels and indicators:
🔑 Support Levels:
$60,251.90 (Recent low)
$56,924.88
$52,510.80
🔑 Resistance Levels:
$62,035.92
$66,450.00
📊 RSI (Relative Strength Index):
Currently at 38.37, nearing oversold territory (typically below 30). This could signal a potential upward move, but the downward momentum hasn’t fully subsided yet.
📈 What the Chart Tells Us:
BTC recently bounced off the $60,251.90 support, but it hasn’t broken through the key resistance at $62,035.92.
If it fails to break above $62,035.92, expect a further drop toward the next support at $56,924.88.
🔍 Key Scenarios to Watch:
Bullish: If BTC holds above $60,251.90 and RSI increases, we could see a reversal toward $62,035.92 and beyond.
Bearish: If BTC breaks below $60,251.90, expect further downside toward $56,924.88.
#cryptouniverseofficial #USRateCutExpected #BinanceLaunchpoolSCR