🚀 Will BTC Bounce or Drop? Key Levels to Watch for the Next Move! 📉📈

Bitcoin (BTC) is at a critical juncture, and the charts are telling us where it might go next. Let’s dive into the key levels and indicators:

🔑 Support Levels:

$60,251.90 (Recent low)

$56,924.88

$52,510.80

🔑 Resistance Levels:

$62,035.92

$66,450.00

📊 RSI (Relative Strength Index):

Currently at 38.37, nearing oversold territory (typically below 30). This could signal a potential upward move, but the downward momentum hasn’t fully subsided yet.

📈 What the Chart Tells Us:

BTC recently bounced off the $60,251.90 support, but it hasn’t broken through the key resistance at $62,035.92.

If it fails to break above $62,035.92, expect a further drop toward the next support at $56,924.88.

🔍 Key Scenarios to Watch:

Bullish: If BTC holds above $60,251.90 and RSI increases, we could see a reversal toward $62,035.92 and beyond.

Bearish: If BTC breaks below $60,251.90, expect further downside toward $56,924.88.

$BTC

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