#Bitcoin 's price is currently testing a critical trend line and has remained relatively stable since the last update. The market is consolidating without showing a clear breakout. Key levels to watch include a resistance area between $61,500 - $62,800, with a key level at $61,800 (previous swing high), and support around $59,000 - $58,855, with the next support area at $57,900 - $58,100. If the price breaks above $61,800, it could signal a larger wave 3 unfolding, with an ideal target of $66,000 - $68,800. However, losing the trend line or breaking below $60,400 could lead to further downside. Currently, the price action is choppy, and a breakout above $61,800 is needed to shift momentum. Until then, expect sideways movement, with a significant sell wall in the low $60,000 area acting as resistance.
