BTC/USDT Market Update: Key Levels and Trade Strategy
Bitcoin is currently trading around $61,193 after a strong recovery from $60,459. The chart shows significant price action, with $60,459 acting as key support, where buyers aggressively stepped in, driving the price back up. On the upside, $61,272 forms a near-term resistance level, capping recent price advances. If Bitcoin breaks above this, it could signal a bullish continuation.
The MACD indicates growing bullish momentum, supporting the case for an upward move. For traders, a buy-entry strategy could be considered above $61,272, targeting further gains, while more conservative players might wait for a retracement to support before entering.
With Bitcoin up 121% over the past year, thereâs strong potential, but short-term caution is advised as we await a clear breakout confirmation. This is a pivotal moment to watch, and savvy traders can capitalize on these key price levels.
