a critical analysis on $BTC
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Bitcoin (BTC/USDT) is trading at **62,224 USDT**, down **1.88%** for the day. The price is currently in a consolidation phase, with immediate **support at 61,981 USDT** and **resistance at 62,227 USDT**.
- **Resistance Levels:** If Bitcoin breaks above **62,227 USDT**, the next target is **64,418 USDT**, followed by **66,408 USDT**.
- **Support Levels:** A breakdown below **61,981 USDT** could see a drop toward **59,070 USDT**, with a stronger floor at **52,520 USDT**.
The **RSI at 49.87** is near neutral, indicating that the market is neither overbought nor oversold. The price is testing the moving averages, and a clear breakout above resistance or below support will determine the next strong move. Watch for momentum shifts.
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