BTCUSDT : Price, Resistance & Support Update

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In the latest analysis of **BTCUSDT**, we've observed significant price movements and key levels to watch.

Current Status:

- Weekly Performance  : BTCUSDT has recorded **three consecutive weekly green candles**, closing at **$65,619**.

- Bullish Sentiment  : The close above the **$65,000** range suggests a bullish outlook.

 Key Developments   :

- Recently, BTC dropped below the **$65,000** support level, which was anticipated after a notable pump.

- The cryptocurrency has broken out of a parallel channel following the weekly close, currently trading above the **50 MA** on the **4-hour** time frame.

 Price Levels to Monitor:

- Resistance  :  $65,000

- 1st Support :  $62,559

- 2nd Support:  $60,863

Market Outlook

Bearish momentum may be in play this week unless BTC reclaims the **$65,000** mark. A potential retracement to support levels could occur before a rally towards **$67,000**.

Conclusion

In summary, while bullish signals exist, traders should remain cautious and watch key price levels closely. A small correction may be the catalyst needed for BTC to break above **$67,000** again.

Happy Trading!