Bitcoin Market Update: Key Technical Levels to Watchđ¨đ¨
Bitcoin is currently trading at $63,510.79, reflecting a slight decrease of 0.19% over the past 24 hours. The 24-hour high reached $63,948.00, while the low touched $62,700.00, with a total trading volume of 1.28B USDT. Key technical indicators show the 7-day moving average at $63,660.16, while the 25-day and 99-day moving averages are slightly lower at $63,375.40 and $63,333.60, respectively.
As Bitcoin consolidates within this range, traders are watching closely for a breakout above $64,010.40, signaling potential bullish momentum, or a drop below $63,552.80, indicating a possible downward trend. This tight range could lead to short-term trading opportunities, so stay tuned for any significant price movements in the coming hours.
