BTC/USDT Technical Analysis
Current Price: $61,218
is showing signs of consolidation within the $60,000 - $63,000 range, indicating potential breakout opportunities.
đŻ Target 1: $61,940 - Immediate resistance is close, as BTC aims to overcome this level. A breach could bring momentum back to the bulls.
đŻ Target 2: $63,936 - If BTC successfully breaks $61,940, our next focus will be on the recent 24h high at $63,936. Strong resistance here, but crossing this could lead to further gains.
đŻ Target 3: $60,164 - On the downside, $60,164 acts as critical support. A failure to hold above this level may initiate a corrective phase.
Note: Keep an eye on the Parabolic SAR level at $61,635.66, as it can guide short-term trend changes.
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