🚨Bitcoin Aims for New Highs as Price Recovers Above Key Resistance Levels 🚀

$BTC 🌏⤴️🪙

Bitcoin's recent price movement suggests a potential recovery above key resistance levels, indicating a possible surge towards new highs. The price has stabilized above the 23.6% Fib retracement level of the upward move from the $56,378 swing low to the $64,646 high, forming a key bullish trend line.

Resistance levels to watch:

› $61,850

› $62,000

A clear move above $62,000 could start a steady increase, potentially leading to new highs. However, if Bitcoin fails to climb above the $62,000 resistance zone, it may start another decline.

Support levels to watch:

› $60,450 (immediate support on the downside)

Bitcoin's price movement will be crucial in determining its next direction. A breakout above resistance levels could lead to a significant price increase, while a failure to do so may result in a decline.

Keep an eye on Bitcoin's price movement as it aims to reach new heights! 🔍