$BTC Technical analysis Update

BTC is showing positive strength now. If BTC pass it's strong resistance 57370 it will continue it's Upward momentum. Strong Support is 56801.

Based on the current data for DoBTC/USDT, the price is at $57,219.52, showing a 4.02% increase. The 24-hour high stands at $58,236.73, indicating initial resistance, while the low was observed at $54,800.00.

For traders considering long positions, a breakout above the $58,236.73 level could signal further upside potential, with targets set higher based on momentum.

Conversely, cautious traders might look for a pullback towards the $55,600.00 support level for potential long entries, depending on confirmation of market conditions and price stability.

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BTC

57,304.12

+3.73%