đ Bitcoin (BTC/USDT) Update: Is a Breakout on the Horizon? đ
Bitcoin is currently trading at $63,953, up +1.65% in the last 24 hours, showing a solid recovery after testing a low of $62,050. This $62K level is acting as a key support, where buyers are stepping in to defend the price. On the upside, BTC hit a 24h high of $64,500, forming a resistance zone that it needs to break for a stronger bullish rally.
đ Strategy: For aggressive traders, a breakout above $64,500 could be an entry point to ride the momentum higher. Meanwhile, conservative traders may wait for a retest of $62,050 for a safer entry at support. With the 60-period moving average hovering around $64,050, BTC needs to reclaim this level for a trend reversal.
đ Will bulls break the resistance and push BTC towards new highs? Keep an eye on these key levels for your next trade!
