$BTC Bitcoin Price Movement
Rejection at $68,500_: Bitcoin attempted to break the $68,500 resistance but was rejected and retreated to lower levels.
Trendline Resistance_: The rejection occurred at a significant trendline resistance level, indicating strong selling pressure.
Potential Support_: Traders highlight potential support levels around $63,000-$62,000 if the current range fails to hold.
Price Volatility_: Bitcoin's price has been experiencing high volatility, with rapid price movements in both directions.
Bullish Momentum_: Despite the rejection, Bitcoin's bullish momentum remains intact, with a potential break above $68,500 opening up new highs.
Please note that cryptocurrency prices are highly volatile and subject to rapid fluctuations.
