In the $BTC /USDT 1-hour chart shown, Bitcoin is trading at $60,080.68, reflecting a slight positive movement of +0.30%. The price is currently hovering near the 24-hour high of $60,280.06, after bouncing off the 24-hour low of $59,400.00, which indicates that the lower bound has provided strong support.
The candlestick pattern reveals a brief consolidation phase following a pullback from a peak of $60,625.00. There is a possibility of upward momentum if Bitcoin holds above $60,000, with the next resistance zone near $60,237.08. Volume indicators show moderate trading activity, suggesting traders are cautiously waiting for a breakout above the $60,280 resistance level or a retest of the $59,400 support level.
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