Bitcoin ($BTC) is showing strong momentum after bouncing back from its key support level at $59,611. As the market heats up, Bitcoin's current price sits at $62,728, and many are watching closely for a potential breakout towards $64,033.
Key Levels to Watch:
Support: $59,611 – This level has held firm, keeping bullish momentum alive. A retest of this zone could spark another rally if it’s defended.
Target (TP1): $64,033 – A push above this resistance would be a bullish signal and could lead to a fresh rally and new highs.
Scenarios to Watch:
Bearish Scenario (Short): If Bitcoin dips below $59,611, expect some short-term downside pressure, with potential for further declines.
Bullish Scenario (Long): If $BTC breaks through $64,033, it could trigger a surge in buying momentum and a strong upward trend.
With market energy building, it's essential to stay alert for potential price action in the coming sessions!#BTCReboundsAfterFOMC #BTC500K #Write2Earn! $BTC
