🚨🚨Bitcoin Market Update: Resistance Test and Support Levels🚨🚨
Today, we observed Bitcoin attempting to breach the resistance zone between $64,393 - $64,272. However, there wasn’t enough momentum in Bitcoin’s price to break through this area, resulting in a pullback. On the other hand, the line shown in the image acted as a support zone throughout the day, successfully keeping the price above it without breaking through.
At present, Bitcoin must maintain its price above the support zone located between $63,279 - $63,177. Should a breach occur, the next support area would be the line shown in the image, which was previously breached two days ago, situated between $62,036 - $61,900.
From my perspective, it’s likely that the price will rebound from the current support area, and the chances of breaking through it are slim, as indicated by market indicators. Therefore, keep a close eye on the support and resistance zones. Any breach in either direction will likely be followed by a strong market movement.
