Bitcoin (BTC) / USDT Analysis:
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Bitcoin started climbing from $60,700, reaching $62,300. The current price is $62,262.00, reflecting a 3.83% daily gain. The chart shows a strong recovery from a low of $59,917.02, hitting a high of $62,294.87.
Resistance is around $62,300, while support holds near $60,754. With the current upward momentum, going long above the resistance could be profitable, with targets at $62,500 and $62,700.
For short trades, if the price falls below the support level, potential targets are $60,500 and $60,300. Watch other coins like Ethereum (ETH) and Binance Coin (BNB), which tend to follow Bitcoinâs movement in bullish markets.
