$BTC As of today, Bitcoin (BTC) is trading around $60,500, marking a slight decline of about 1% over the last 24 hours. Despite this drop, BTC has still seen a notable 5% increase over the past week.
In terms of technical analysis, Bitcoin is currently fluctuating between key support at $60,316 and resistance at $62,441. If BTC breaks through the $62,441 resistance level, the next targets would be around $65,026 and $66,798, which could signal further upward momentum.
Moreover, Bitcoin's Exponential Moving Averages (EMAs) suggest mixed signals with short-term EMA at $60,111, showing potential support, while the longer-term EMA200 at $59,451 could be a crucial level to watch if prices fall further. Bollinger Bands indicate that the price might fluctuate between $58,926 and $62,988, suggesting a range-bound movement with potential for volatility.
The broader market sentiment appears cautious, with traders closely monitoring these levels to determine Bitcoin's next move.$BTC