In recent days, we’ve successfully capitalized on the volatility in Bitcoin, securing some solid profits. The support level at $59.9k, marked by the Daily EMA200, has proven to be quite robust, with multiple strong reactions observed in this area.
Currently, we’re facing resistance at $61.6k (4hr EMA200), where Bitcoin has rejected precisely from this level earlier today.
For traders, the key focus is on the established range. We’re looking for a decisive 4-hour break above $61.6k to signal bullish momentum or a daily close below $59.9k for a clearer bearish outlook. Keep an eye on these levels for the next potential move in the market.
