The chart indicates that **Bitcoin ($BTC )** is trading against **USDT** at **$61,955.99**, reflecting a **2.85%** increase over the last 24 hours. The price recently tested a high of **$62,589.52** before retracing slightly, indicating potential resistance at this level. The low for the period was **$59,174.80**, suggesting that support may be forming around that range.
The price action shows strong upward momentum with several green candles, confirming bullish sentiment. The market appears to have rebounded from a low of **$57,493.30**, making higher highs and higher lows in the short term. Traders should watch for a breakout above the **$62,589.52** level for further bullish continuation or a pullback to test the **$60,975.72** area as support. The 24-hour volume suggests significant trading activity, supporting the current price action.
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