Hello everyone đ
How are you today? đ€© I rewarded myself today. I'm doing my work in a nice place. Let's check out #BTC and see how it's doing.
Support and Resistance Levels:
- Resistance Levels: There are notable resistance levels around 72,500 USDT and 77,500 USDT. These levels have previously halted upward movements and caused pullbacks.
- Support Levels: The levels around 62,500 USDT and 57,500 USDT are strong support areas. The price has found support at these levels multiple times and reacted upwards. $BTC
Trend Line:
- There's a rising trend line in blue on the chart. This line connects the higher lows formed over a period, indicating an overall upward trend. The price staying above this line suggests that the bullish trend could continue.
Recent Movements:
- The price is currently at 68,907.97 USDT, showing a 1.47% increase. This indicates a recent bullish trend.#Binance
- The price found strong support around the 65,000 USDT level and moved upwards, currently trading at 68,907.97 USDT.
Short-Term Expectations:
- If the price breaks above the 68,907.97 USDT level, it could move towards the 72,500 USDT and then the 77,500 USDT resistance levels.
- In case of a downward movement, the price is expected to find support first at 65,000 USDT and then at 62,500 USDT. #ETH_ETFs_Trading_Today
Overall, Bitcoin's price is currently in an upward trend, trading above important support levels. However, breaking through the resistance levels is crucial for the continuation of the bullish trend. Otherwise, the price might pull back to the support levels again.
