Bitcoin ($BTC) is gaining momentum after bouncing off its key support at $59,611. Currently priced at $62,728, many are anticipating a potential breakout toward $64,033.
Key Levels:
Support: $59,611 – This support has held strong, maintaining the bullish outlook. Another test of this level could spark a rally if defended.
Target (TP1): $64,033 – A break above this resistance would signal a bullish move, potentially leading to new highs.
Scenarios:
Bearish: If Bitcoin drops below $59,611, short-term downside pressure could lead to further declines.
Bullish: A breakout above $64,033 could ignite strong buying momentum and an upward trend.
With market activity intensifying, traders should watch closely for price action in the coming sessions.
