đ¨ $BTC Technical Analysis: Is a Breakout on the Horizon? đ¨
Looking at the 4H BTC/USDT chart, Bitcoin is currently trading at $62,934, with a slight dip of -0.27%. Over the last 7 days, BTC is up 5.27%, showing a steady upward trend despite minor corrections.
đ Key Observations: 1ď¸âŁ BTC is respecting an upward trendline, showing bullish momentum over the past few weeks. 2ď¸âŁ A significant resistance zone is forming around the $64K level, as indicated by the rejection of higher prices. BTC will need to break through this to push toward new all-time highs. 3ď¸âŁ The previous support zones around $60K are holding firm, indicating that bulls are defending these levels.
đŽ Prediction: If BTC can break above the $64K resistance, it could target the $66K to $68K range. However, if it fails, we may see a retest of the $60K support before another rally attempt.
Keep a close watch, as Bitcoin's next move could set the tone for the rest of the market!
