Today's technical analysis on price of BTC is $63,639.91, which represents a 3.17% decline over the past 24 hours.
After hitting $63k Down... $BTC again started Upward momentum .. BTC is going to break strong resistance at $64k and then $64,500... keep your eye on it ..
Technical Analysis Report: $BTC /USDT:...
In the recent trading session, Bitcoin (BTC) displayed a promising uptrend as observed on the Binance chart. The price surged, marking a significant high at $63,968.27, closely approaching the critical resistance level around $64,004.20. With the 24-hour trading volume at a robust 21,842.17 BTC and the price fluctuation between a low of $63,249.68 and a high of $66,076.12, BTC shows bullish momentum. Traders should consider this uptrend as an opportunity to set strategic long positions, targeting the immediate resistance. Setting a stop loss slightly below the session's low at $63,213.75 can provide a safety net against any potential pullback. This setup offers a favorable risk-reward ratio, considering the strong upward push and the current market dynamics. Engage wisely, and keep an eye on volume changes for signs of sustained upward movement or potential reversal.
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