BTC SETUPS đ
The current support and resistance levels for Bitcoin (BTC) are critical for traders. Bitcoin recently hit a high of approximately $69,981 but is now showing a corrective pullback. Immediate support is found around $68,000, with a trend line closely aligning with this level. A failure to hold above $68,000 could lead to further downside, potentially pushing Bitcoin toward the $67,000 support zone.
On the upside, key resistance lies at $69,200 and $69,500, with a breakout above these levels possibly pushing BTC towards the $72,000 mark
For potential trading opportunities, buying near the $68,000 support may offer a good risk-reward setup, especially if it holds and BTC continues its upward momentum. However, if Bitcoin breaks below $67,000, there could be a chance for a deeper correction towards the $65,500 level
