As of now, Bitcoin (BTC) is trading at approximately $61,246.24, showing a 24-hour increase of around +5.76%. The current market sentiment appears bullish, with Bitcoin breaking through key resistance levels and showing signs of further upward movement.Technical Analysis and Next Move:Short-term (4-hour chart): Bitcoin is trending bullish with the 50-day moving average sloping up. However, the 200-day moving average is sloping down, indicating a weak trend.Daily time frame: The 50-day moving average is sloping down and currently below the price, acting as potential support. The 200-day moving average is sloping up, suggesting a strong trend.Weekly time frame: Bitcoin is trending bullish with the 50-day and 200-day moving averages both sloping up. The 50-day moving average being below the price could act as a support in the event of a pullback.Price Targets:Short-term projections suggest that BTC could reach $63,200 to $67,000 before potentially facing a pullback to around $45,500.The breakout suggests further potential upward movement, possibly targeting the $65,000 resistance level and beyond.Please note that cryptocurrency markets are highly volatile, and these projections are based on current trends and technical indicators. Always conduct your own research or consult with a financial advisor before making investment decisions.#BTCâ #BinanceSquareFamily #Btcpricealert #BinanceLaunchpoolHMSTR #DOGSONBINANCE
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