After a $63k drop... $BTC is back on an upward momentum.. $BTC is set to break strong resistance at $64k and then $64,500... keep an eye on it..
Technical Analysis Report: $BTC /USDT:...
Bitcoin (BTC) has shown a promising uptrend in the recent trading session as seen on the Binance chart. The price has rallied to reach a significant high of $63,968.27, coming very close to the critical resistance level around $64,004.20. With a 24-hour trading volume at a high of 21,842.17 BTC and the price swinging between a low of $63,249.68 and a high of $66,076.12, BTC is showing bullish momentum. Traders should view this uptrend as an opportunity to establish strategic long positions targeting immediate resistance. Setting a stop loss just below the session low at $63,213.75 can provide a safety net against any potential pullback. This setup offers a favorable risk/reward ratio given the strong upward thrust and current market momentum. Proceed wisely and watch volume changes for signs of sustained upward movement or a potential reversal.
