Bitcoin Update - Urgent!
There’s a large liquidation cluster forming in the market right now.
Current Price: Bitcoin is trading around $61,050, close to a key support level at $60,800.
Resistance Levels: The first resistance is at $63,600, with a higher one at $66,450.
RSI (Relative Strength Index): The RSI is at 39.91, which suggests the market is close to being oversold. This could mean an upward move is coming soon, as oversold conditions often lead to a price bounce.
Support Levels: If the price drops below $60,800, the next strong support is at $56,996, which could be tested if the current range breaks down.
Summary:
Upward Move: If Bitcoin holds the $60,800 support and buyers step in (with the RSI showing oversold), we could see a rise towards $63,600.
Downward Move: If the $60,800 support breaks, the next target could be $57,000.
Key Level to Watch: Pay close attention to how Bitcoin behaves around $60,800. If the price holds, an upward move is more likely. If it breaks, a drop toward $57,000 could happen.
If the daily candle closes above $63,600, Bitcoin will turn bullish. Keep an eye on this critical level!#Write2Earn! #BTC☀ #bitcoin☀️
