Technical Analysis of BTC/USDT on Binance

Current Price: $60,957.99

24h Change: -1.98%

Key Levels:

24h High: $62,565.95

24h Low: $60,835.00

As BTC continues to navigate a volatile market, let’s dive into the technical analysis and set three potential targets for traders:

Target 🎯 1: $62,500

This level aligns with recent highs and represents a key resistance point. A breakout above this level could signal bullish momentum and attract further buying interest.

Target 🎯 2: $61,500

The $61,500 level serves as a significant pivot point, providing potential support if the price retraces. Traders may look for buying opportunities here to capitalize on a rebound.

Target 🎯 3: $60,000

If the price tests lower, the psychological level of $60,000 could act as strong support. This level has historically been a critical area for buyers, and a bounce here could present a favorable risk-reward setup.

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