đ¨ $BTC /USDT Alert đ¨
The current price of Bitcoin ($BTC) is $65,374, with a recent surge of 2.96%. This upward trend is highlighted by the day's high reaching $65,839, just after recovering from a significant dip to $52,550 earlier. The trading volume for BTC in the last 24 hours indicates active market participation.
The green arrow on the chart points to the recent peak of $65,839, signaling strong buying pressure that pushed the price above previous resistance levels. Conversely, the red arrow indicates the earlier drop to $52,550, marking a crucial support level that buyers defended robustly. The moving averages (MA5: 19.232 and MA10: 21.466) suggest a bullish trend as the current price is well above these averages, reinforcing the momentum.
Considering the current market dynamics, a long trade is advisable above $65,839 with targets at $66,500 and $67,000, and a stop loss at $63,340. A short trade could be considered if the price drops below $63,340, targeting $62,000 and $61,000, with a stop loss at $65,839. Trade wisely!
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