A brilliant day and crazy chart for $BTC . So what are your next steps at this point!
BTC/USDT is currently trading around $67,230.70 and has been on a strong uptrend over the past 24 hours, up +2.34%. Some important factors to note:
1. Nearest Resistance: $67,950 is the highest level in the last 24 hours and could act as an important resistance level. If the price breaks this level, there is a possibility of further increase.
2. MA (Moving Average) lines:
- MA(7): 64,190.21 USD
- MA(25): 63,343.55 USD
- MA(99): 61,519.35 USD
The short-term MAs (MA(7) and MA(25)) are above MA(99), indicating a positive signal and a short-term bullish trend.
3. Trading Volume: Current 24h trading volume is 44,022.13 BTC and 2.92B USDT, showing high interest from the market.
### Predicting the next price action:
- If the price breaks the resistance level of $67,950, there is a possibility that the price will continue its upward momentum. However, investors should be cautious of the possibility of a correction from this resistance level.
- If the price fails to break above the resistance, there could be a minor correction towards the support zone around $64,800 (lowest price in the last 24 hours).
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