$BTC /USDT

The latest analysis of Bitcoin’s spot price reveals critical support and resistance zones that traders should be keenly aware of. Currently, BTC is hovering around $6.91, a pivotal level where bulls and bears are vying for control. The most immediate support is at $6.32, which has recently served as a significant floor, preventing further declines. A drop below this level could see BTC testing the next support at $6.23, a crucial line that has historically provided stability and prevented major sell-offs.

On the resistance side, BTC faces its first major hurdle at $7.07. This level has been a consistent barrier in recent trading sessions, preventing any sustained upward momentum. Above this, the 25-period moving average (MA) at $7.10 adds another layer of resistance, aligning closely with the $7.07 mark. For BTC to shift into a bullish trend, it must break and hold above this resistance zone. A more formidable resistance awaits at $8.11, the previous high before the recent downtrend. Overcoming this level would be a strong indicator of bullish reversal, potentially attracting more buyers and leading to higher price levels. Traders should watch these levels closely to make informed decisions.

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