$ Bitcoin's (BTC) price movement against USDT:
Current Price: Bitcoin is priced at around $62,076.
Support Zone: It recently tested a lower price level at $61,860, which acted as a support (a level where the price stops falling and might start rising).
Consolidation: The price is not moving dramatically and seems to be stabilizing between two key moving averages (a tool traders use to smooth out price data).
The idea is that:
1. If the price stays above $61,860, it could start rising towards:
Target 1: $62,689 (first resistance level).
Target 2: $63,200 (a breakout level, where price could gain momentum and rise further).
Target 3: $64,478 (extended upside if the momentum is strong).
2. However, if Bitcoin’s price falls below $61,860, it may drop further instead of rising.
In simple terms, if Bitcoin holds above $61,860, there’s a chance for the price to go up. If it drops below, there might be more decline.
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