- Bitcoin reached $64,348 and is currently trading at $63,614
- Positioned above a critical pivot point at $61,650, indicating a potential move towards $70,000
*Key Points:*
- Trading volume: approximately $29.19 billion in the last 24 hours
- Market value: almost $1.25 trillion
- Critical price levels:
- Pivot point: $61,651
- Immediate resistances: $64,564, $67,084, $69,356
- Immediate support: $59,164
- Further supports: $56,677, $54,336
- Technical indicators:
- 4-hour chart: uptrend strengthening, break above 50-day EMA at $61,574
- 'Three white soldiers' candlestick pattern: bullish momentum
- RSI: strong buying pressure, value of 63
- 50 EMA: currently acting as support
*Conclusion:*
- Bitcoin's market situation remains positive above the $61,651 pivot point
- Potential to move towards higher resistance levels, including $70,000, as long as the pivot point is maintained.