$BTC /USDT TECHNICAL ANALYSIS UPDATE
Current Price: $63,796.12
Bitcoin is inching close to a critical resistance level after a recent upward trend. Let's dive into the targets and support levels based on the current chart:
đŻ Target 1: $64,137.79
This level represents immediate resistance. Overcoming this could signal continued bullish momentum.
đŻ Target 2: $64,817.99
A significant point where previous highs were recorded. Breaking past this could see Bitcoin testing newer highs.
đŻ Target 3: $64,925.39
This is just beyond the previous target, where if momentum holds, we might witness a strong push due to a breakout.
đ Support: $62,670.00
The recent low provides crucial support. Holding above this level is key for the current bullish trend to sustain.
đĄ MA Indicators:
- MA(7): $63,608.50
- MA(25): $63,502.93
- MA(99): $63,473.06
Watch for movements above $64,137.79 as Bitcoin attempts to breach these resistances. If successful, we could be looking at a new upward trajectory. Keep an eye on the support level to gauge market sentiment!
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